Calling nannies! Roughly how much would it cost to employ a nanny for three days per week.....

[newpositiveme]

To look after a baby and do a school pick up for older child three days per week?

I would be happy to consider a nanny who had her own child with her also, if this would reduce the cost at ll?

Have calculated that for two children the nursery/afterschool clubs will cost about £800 per month, so if I could employ a nanny for about the same I will look into it as a serious option, have no real idea what the going rate is though!

We live in SW, Not london or a major city.

Thanks

Nanny with own child would reduce cost.

Wages-wise it depends on hours. A standard 10 hour day, £800 gross is about £5.50net per hour on a normal tax code so you might get a nanny for that but they wouldn't be very experienced IMO.

That's the whole £800 going on wages. You need to factor in a kitty for activities and expenses, food for nanny, increased heating/lighting costs etc.

Childcare vouchers can bring the cost down as well, if your employer offers them.

Nannies are expensive but the convenience of them often justifies the extra cost.

all depends on age/exp/area etc of nanny but i very much doubt you will find a nanny willing to work for £800 gross a month

using tax calculator this would work out roughly £61 gross or £55 nett a day

yes having a nwoc can decrease the costs but not to the amount you can afford imho

Thanks for that Frakkinup, both mine and Dh employers do offer the voucher scheme so we can make use of that.
We wouldnt be able to offer a car but we live in a very small market town and everything is within walking distance. Lots of free activities going on, childrens centre and library both 5 to 10 mins away.

Would we definately have to 'employ' the nanny or could she be self employed, not sure how the tax/ni issues work!

Thanks Blondes, the tax calculator is useful.

mMaybe will have to look into a nanny share then!

nanny will be employed

you and dh will be employers

it is illegal for nanny to be self employed in your job

Nanny share would mean your budget (assuming you both pay in) would probably cover wages and kitty/costs. A salary of £10gross/hour shared between two families would still leave you with bit over. Agree you need to pay tax/NI which is why you should always work in gross figures.

Unless you find a nanny who is already registered you should factor in paying for registration too which about £100.

Do be aware that a nanny with own child can't do a share as that makes 3 families.

Unless you go for a nanny share, ime it's only cost effective to have a nanny if you have 3 children, at least one of which is under 4.

Of course, nannies do WAY more than childminders, nurseries etc as part of their job, so you do get more for your money in that sense.

About £20,000 I would expect. Can work out detailed figures once home if you like.

What start and finish times?

We live in London, have a school-aged child and a baby and have a nanny three days a week. It works out as about £100 a day for us but is well worth the money for the next couple of years as, apart from anything, it means our children are looked after together and in our home.