How much for a nanny? Ballpark figure needed.

[musttidyupmusttidyup]

Am toying with the idea of having a child care arrangements overhaul but no idea whether it's possible or affordable. This is what I would like:
2 days a week 8-5 ish. Drop off and pick up DS1 from school ( on foot 5 mins walk). (maybe) Drop off and pick up DS2 from preschool, again, walking distance but different from school times and probably only one of the days. Look after DD (9 months) and DS2 when not a pre school.
Feed them, take them to playgroup etc. tidy up after them (dishes etc).
Term time only, South East.
Hit me with it. How much?

Depending on age and experience and, indeed, your precise location in the SE.

£120/day gross for the nanny (bearing in mind this is unlikely to be their only job) so £240/week, which mr anchovy says add £14/week in employers NI and assuming 42 weeks to cover nanny holiday that brings you to £10080 salary and £588 NI
£10/week for kitty (that's an overestimate but could cover nanny's food) so £420 in incidental costs
£115 for payroll annually using payefornannies but there are other companies
No mileage put in.

£11,203 - could probably round down to £11k as I did the mental maths based on a 10 hour day at £12gross.

Thanks fractious. It's not really what I wanted to hear though just don't think I can make it work on my salary. I suppose the only way to cut costs is to share? Do you pay more according to give many children they look after?

Hiya, with 3 DC, you may find a nanny is definitely your best bet. Your list of requirements is certainly normal - and the 'early' finish may well be attractive to some.

I would say you could try looking at around £10 per hour gross, you may find someone less experienced for that. It's worth a look. You basically advertise what you're prepared / able to pay. That would bring your salary costs to £90 per day (gross). We are in the South East and pay our nanny around £10.50 per hour, but a couple of nannies we interviewed did have lower expectations.

If you have an Ofsted registered nanny, you could use Childcare vouchers toward her pay - that would save some money.

I have my nanny in the hols as well, so can't say what my experience of term time only is... for some I guess this would be a problem, but again, you don't know till you try.

If you choose a nanny who brings her own young child with her, that may work in your favour, in that

a: you can negotiate a lower hourly rate
b: they may only be looking for part time

I would advertise - www.childcare.co.uk and nannyjobs are good starts - put up your requirements, put up your pay scale, and see what the interest is.

Although you definitely have to factor in all the costs, I do think you can scare yourself off before you start if you account for every single penny - after all, you have to pay your own petrol if you are doing all the to-ing and fro-ing yourself, and feed yourself etc, so the extra you have to pay a nanny may not make 'much' difference to the bottom line in the long run.

Good luck.

Thankyou BBCEssex that has given me a good starting point.

You could cut costs substantially by getting someone less experienced and it really depends where you are. Inside M25 and along the M40 corridor seem most expensive, parts of Surrey are surprisingly cheap.

Nanny salaries are so variable that ballpark will err on the high side of caution and it's much easier if you say 'can I get a nanny for £x per year/day/week'?

If you'd said that you're in, say, Herts and had £100/day all in for salary, NI and incidentals we can reverse calculate and say whether the hourly rate is realistic

Nannies are not paid on a per child basis, so the more children you have the more viable it is. However a share costs more, as the nanny is having two sets of parents requirements to juggle. A share might be say 20% higher salary wise but it's then split between the families, so works out cheaper than having a nanny on own. There are drawbacks though, such as having to juggle holidays/time off with the other family, having more equipment at your home (if your home is the base), taking your children somewhere else thus can't leave them in bed (if your home is not the base).

Thanks for advice. We need to consider how much we could pay and see if it's viable. Thanks.