Nanny share. How would it work?

[dreamteamgirl]

Hi there
I havent posted in this folder before, but have had a quick scan and cant see the answer to this.

I am moving house very soon, and will be next door but one from a work colleauge who has a DS 9 months older than my own (my DS is 13 months, hers 22 months)

As we are both carting our DS' half hour each way to the on site nursery in the hospital (which is excellent) we had started to talk about doing something more local, and I wondered about a nanny share.

Having never done anything like this I am trying to suss out the logistics of how it works.

Does it cost more or less to have a live in one? Do nanny's prefer live in?

Would I be better off hosting the nanny at my house? Would the nanny object to doing the care in the other house when we were on holidays?

We are each paying £620 for fulltime nursery, but we do get the first £434 per month of these fees tax free (childcare vouchers for both me and DF) saving us about £2014 a year.

Are you better off "employing" a nanny directly or through an agency?

thanks if any one has any ideas

If you only pay £620 for full time nursery, I doubt that a nanny (even if it is a share) is going to save you money.

So if I worked for the NHS, I could have full time child care for £620 a month. Most people pay double that.

I agree with Uwila, chances are that the nursery will work out less expensive. You say that you are happy with the nursery, and I expect your son is settled there. Nannies tend in my view to be more economical if you have 3 or more children. With 2 children it could be a close call if the nursery fees are high, but if you are paying £620 a month, then that seems good to me - less than £30 a day!

A very basic guide, a nanny working 10 hours per day, would cost you as the employer around £516 per week (based on nanny earning £7 per hour net, 50 hour week, 2005-06 tax rates). So you and your friend currently spend £1240 per month, nanny would cost you £2236 per month - so almost double the cost, plus this is just Salary - before other costs are factored in such as Heat/Light/Food/Activites.

Hiya
Gosh I had no idea that childcare costs were so much higher else where - guess I am very lucky. Specially as it was the first and only nursery I looked at, cos I felt comfortable with it immeadiately.

Just worked it out and its £167 per week full time or £36.00 per day part time, so a little more than I said (we have just gone up to fulltime so I wasnt certain on the costs) -closer to £700 a month. Those are NHS rates, but for a "normal" nursery that happens to be located within hospital grounds. I think we get about 10% discount.

Many, many thanks for your input on this. Maybe something to re-address if either of us has another baby :-)