How much does a full time nanny charge?

[wishingforwillpower]

Just looking at childcare options... It would be 8-5, 5 days a week, in edinburgh, for two children.
Also how do we go about finding a good quality nanny? Are there websites or good places to advertise?
Many thanks for any advice!

Average london salary is £10 per hour net. If you google mr anchovy paye calculator you can put in that figure and the number of hours and it will give you all the gross and net figures per day, week, month and year factoring in tax and NI. Use 1000 as the tax code assuming they won't have another job. And always put gross salary in the contract.

A nanny doesn't charge. The employer sets the wage that they can afford. A very experienced nanny will cost between £12 & £15 gross per hour. And much less experienced nanny between £8 & £10. Live in can be cheaper.

A quick google comes up with about £8 net per hour.

You will be her employer, you will need to pay tax, NI and employers NI. So factor in the cost of a tax agency (£120-250 per year) if you cannot do it yourself.
Also factor in food costs, most nannies get lunch, drinks and snacks, some get breakfast, lunch and tea (like me!) plus drinks and snacks.
Heating - there will be someone in your house for the majority of the day so hearing may be needed (some of my nanny friends are chilly mortals!)
Travel - you need to pay for your nanny's travel during work hours, whether it is fuel for her car (45p per mile) or having a nanny car. (Also factor in for the occasional valet! Vomit in crevasses is not fun to clean for anyone!) Or bus/train fares.
Classes - baby classes/swimming etc. Tea or coffee, cake or ice cream when out with the children.
Gifts for nanny! Birthday, Christmas, a bunch of flowers very occasionally to show your appreciation (although a thank you now and then goes a long long way!)
Make sure you have public liability on your home insurance.

If you want to do it yourself, then nannyjob.co.uk costs about £20 to advertise. Gumtree is similar. childcare.co.uk, no idea how much they charge as I don't use or recommend it, but it works for some.

Or nanny agencies. I don't know how much they charge in Scotland but in London they start at a flat rate of £800 up to 6 weeks of the nannies salary, I presume net but not sure.

In Scotland if you want to use Childcare vouchers towards cost you need to recruit via a childcare agency. The regulator has a list.

Worth looking at agency ads for area to get a feel for local salary. I would expect £8-11 gross an hour is a range.

Alas not many jobs listing in Edinburgh at the moment. NannyJob: Edinburgh

10 Gross an hour is probably about right given the location (the agency can advise on what sort of salaries jobs they have successfully filled have been), which for 45 hours a week would be £25,600 ish once you add on employers NI. Then you have the other additions to add, such as activity budget, a bit extra in food (nanny will typically eat lunch with your children), mileage (if nanny uses their own car to transport your children).
So if you were to say £30,000 it should be within that and may well be less.

Activity budget wise - track what you spend for a while. You need to get a feel for if £15 a week is sufficient or if it is nearer £30 a week. When children are very young then the cost of activities if often quite low, as they like toddler group, get cheap entry to swimming pool, free travel on busses/trains. Costs tend to go up as the children get older, especially once aged 5+ when they often will not qualify for free/reduced cost entry to places, plus places they will go change - some will be happy running around the woods, others won't like that. Look in your area for what you have for your children now, and give some thought to future (look at the prices on info leaflets and see what age it starts to cost a lot).

45 hours a week is quite short for a full-time nanny in my view. As a part-time nanny I do 40 hours, a full time nanny could be doing 50-60 hours. So your job is quite attractive as long as the person does not need to be earning what they would earn in a 50/55/60 hour a week position. I can't imagine that living in Edinburgh would be that cheap, so you need to take into account what sort of costs the person doing the job would be having themselves - what sort of commute distance is viable, especially in winter.

Given your timings, nursery I suspect would be a lower cost option. Not by much though so the convenience of having someone come to your home may well outweigh the cost difference.

If I were to move to Scotland, I would be looking at jobs via agencies, so I think you are best going that route. There are not many agencies (as agencies in Scotland require registration, unlike in England) and they will aim to match applicants to the job. However it does come at a cost.

You could try yourself by advertising where agencies advertise - such as www.NannyJob.co.uk, local newspaper, local families magazine and you could use listing sites like Gumtree.com (which has an Edinburgh section) and Childcare.co.uk but you will be doing the advert design, weeding out whom to interview, everything really - so you need to consider if you have the time to do that, how much your time is worth.

Thanks all, that's so helpful. Nursery fees are going to cost us around £2k a month so it doesn't look like a nanny would be that much more. Lots to think about...