How much do nannies cost?

[RockerMummy184]

...ridiculous question I know, just looking for a rough idea.

I am due to have twins later in the year and already have a 2yo son. When I finish maternity leave and go back to work I will be paying more than my salary in child-minders fees.

A very helpful poster on the multiples board suggested a nanny might be cheaper than 3 sets of child-minders fees, so I was just wondering how much the cost difference could be?

Any input would be helpful.

TIA

Whereabouts are you?

A nanny will almost certainly be cheaper than 3 sets of childminder fees, but will depend on what the going rate for a nanny and a childminder is in your area.

I live in the NE of England.

I have no-one I can ask in my area as I don't know anyone who has ever used a nanny.

Have you any nanny agencies in your area you can call them to ask advise re wages, you don't need to use them to recruit a nanny if you do decide that is the way forward.

A very rough cost is £30,000 a year but to get a better idea will need the typical salary offered in your area, number of hours per week, how many days per week.

Have a look on nannyjob, childcare.co.uk and the websites of any local nanny agencies to find out the going rate.

I am in the NE and nannies seem to charge £8-£9 per hour.

Is that Net or Gross?

You need to think about the costs:
Gross Salary
Employers NI
Payroll Admin (£100-250 a year, or do it yourself)
Weekly activity budget.
Mileage, or providing a car, or public transport costs.
Any change to your home insurance cost, such as adding employers liability.
Food for nanny whilst they are on duty.
Birthday and Xmas present for nanny.

I work from home and my mother's help/nanny has sole charge. She charges me £8ph gross though I give her six weeks of paid holiday plus bank holidays. So significantly cheaper than other forms of childcare! She has three years of nursery experience to boot.
I advertised on Gumtree and she applied so worth seeing who's out there. I must add my eldest is in nursery for 20 hours a week term time so she only Looks after one child during that time

Ps I use a nanny payroll company (nannypaye) and find them very good and easy. Employers insurance comes with my home insurance.
Including NI insurance etc, I pay around £1300 a month gross for a 40 hour week. Nannypaye has a calculator so you can work out full cost.

Doh, I meant around £1,400 gross a month

Stupid question:If you advertise on gumtree how do you know you've got a bona fide?

You don't TSSDNCOP.

When recruiting anyone you should do as much background checking as you can.

Page 13 - Right to work check. (pdf)

You should call references. Ask about gaps in employment history. Ask about previous jobs and try to confirm that detail when talking to a referee.

I did all of those things with my nanny off gumtree. I've called all her references and got proof she worked in a nursery, I'm enrolling her on a first aid course myself etc etc.
I'm doing all that an agency would