Going rate for central London, 1 child, no special requirements?

[merchm24]

I am wondering what most people pay net per hour for a nanny in central London (she works 4 days a week), a 2 year old child, no special requirements, child will be in nursery 3 hours a day, so nanny can have a proper break before cooking/laundry, etc.

thank you !

10 per hr net is the absolute minimum you will get a nanny for in my experience, especially for 4 days a week if they can't find work on the remaining day. It simply isn't enough to live on otherwise.

£10 per hour net standard for London nannies, more if funny hours (after school etc) but for 4 days, full days I wouldn't expect to pay more than that. Obviously convert to gross and agree gross in the contract.

You will get a full time live in nanny for less than the cost of a 4 day per week live out nanny - just a thought.

We pay 9 net per hour (contract has the gross amount but can't remember what that is exactly, 11 something) but we are very very lucky. 10 net is standard.

Not sure if there would be a reduction for the fact child is at nursery 3 hours a day. I think most nannies prefer to earn market rate rather than have an easy life! However you might find a nanny offering to do the job for a slightly reduced rate I guess, if it appealed.

Sounds like you have a nanny in mind already - has she proposed a rate?

Hello, thank you all

Alwaysdoinglaundry - why do you say it is obviously better to convert to gross? It seems more complicated paying gross? My nanny payroll company tells me what and when to pay, but in my mind, and nanny's mind, paying net seems simpler?

No idea about London prices, but do NOT agree a net pay contract.
If your nanny's tax code changes for whatever reason you might be liable for the difference.

When I was talking to the agency before hiring my nanny, we had agreed 10 net. I did a calculation as to what that was gross and they did too, theirs was much higher than mine. It turned out that HMRC had drastically altered her tax code to try and collect some previously underpaid tax. If that had happened mid job and I'd agreed net pay, it would have been me paying that back payment for her!

You can by all means have an informal arrangement of net pay, but the contract must state gross or you could be in a very expensive hole if her tax code changes. Fancy paying off your nanny's student loan for her?

Could also end up paying court orders for her too.