Minimum £72k salary required to allow me to take home same as my 19 year old nanny

[knakered]

Nanny nick has done the "big sums"...so we need to earn £72k to to take home the same as my nanny - lets not get into disposable income...4 kids/mortgage etc...vs living at homewith parents ..ho ..hum..

but you choose to have children

im not sure it should be tax deductable

The obvious answer is - well don't get a nanny then. nailpolish, I think your CM figures are on the high side because it is likely that at least some of the four childrean are at school. I pay £10.50 a day for my CM to have DS before/after school but that is at a rate of £3 an hour. And she is cheaper for fulldays - so it is £28 for a full day in the holidays. But still in termtime that would only be £55/week/child.

But I am like www - waiting for DD to start school in either Sept 2008 or Jan 2009. Although my next milestone is this September when DD will get the nursery grant - a massive savings on 3 days at nursery.

yes i agree it is possibly on the high side - children at school, a lot of cms have reduced rates for siblings, etc

(but i was trying to prove a point!)

I do think that there is an issue with arguing for tax breaks on childcare - in that, where is the tax revenue going to come from then or what services are going to be lost.

lol @ Fio

some people just want to earn a lot of money and get everything for free

Well, as it happens I didn't change my name specifically for this thread. I just got tired of Uwila so changed it. And, I've made no secret of it.

You do need £72,000. If I used a childminder for my 2 kids, it would cost me £37,440 per year (£6 per hour, per child, and 12 hours per day to allow for cummuting to my full time job). Okay, it's tax free. But, I only have 2 children and a live in nanny is cheaper.

What the government needs to address is whether they really want normal people on average incomes to return to work.

Wanting to keep some of the money that I earn does not make me selfish. I'm quite happy to pay the nanny what I can. It is Gordon Brown's portion that I have a problem with.

Normal people on average incomes do not have nannies.

Having a chauffeur is tax deductible, why shouldn't childcare be?

Never mind the affordability for a minute. Women fought for equal rights in the workplace, why shouldn't they be able to afford childcare to allow them to continue working.

As for which services would be cut.

Did you know that if your employer runs an on-site daycare centre, you can do a salary sacrifice that means you get a full tax deduction already.

So the principle has already been established by the govt. It is the availability of it that needs to increase.

Fio, it is in part an issue (although I completely agree it shouldn't be) for women because they still make less than men, and therefore are generally the one to give up their work when it doesn't pay for the childcare.

The answer is to keep women in work (if they want to). And in order for that to happen childcare needs to be affordable.

Bozza, the reason normal people need nannies is because they are cheaper than nurseries and childminders once you have 2 little ones. And , that is crazy.

Speaking of work, I best return to it... will be back later.

Well I never found it cheaper and I have two children and it certainly isn't now that DS is at school. I am paying about £42/day in termtime for childcare for a 5yo and a 2yo, I surely couldn't employ a nanny for that amount, it would be £4.02/hour gross not taking into account other expenses.

In the holidays it is £60/day.

In principle I know that father's salaries are relevant to childcare costs, but in practice it is the woman who takes it into account when making choices.

Whether we like it or not, it is a women's issue.

I as a newly qualified Nanny 15years ago earned £75pwn & a friend of mine was earning £2:75ph Childminding therefore she earned in 3 days what I earned in 5 days!...It's still cheaper in many areas if you have more than one child to have a Nanny...That's not even taking into account all the extra's a Nanny does that a Childminder doesn't do as part of their job description!... This is why I feel there should be a lower rate for newly qualified inexperienced Nannies as there was when I first started Nannying!

I don't see how anyone could object to childcare expenses being tax deductible.

Cloudhopper I like your idea of giving a tax allowance equivalent to how many dependents there are in the family. It seems like it would benefit both working mothers and mothers who take some time out. Such a system might also help people who give up their work to care for elderly relatives or adult-disabled children.

Why not start a petition epetition and start rallying up some support for signatures.

My issue with all this is that the govt keeps suggesting that childcare costs are a "low-income" problem. They've clearly not grasped how to use a calculator.

When I return to work, we'll just be covering basic costs on a household income of nearly 100k. And that's not including any holidays. Or pensions. And please don't question my figures...I'm mistress of the Excel spreadsheet

Ruth Kelly said in a recent interview they won't consider making childcare fully tax-deductable because it would help "higher income families". So f*cking what?? They won't get a penny of tax off me or the childcare provider if I can't afford to work.

And as for suggesting that having children is like opting for a 2nd car or house in France. No kids = no one to staff basic social services in the future, and no net tax revenue for public services.

And as for not being able to do anything about it - just take a look at the govts other spending priorities. Billions wasted on failed departments like the CSA and criminal assets recovery, pointless wars and mismanaged IT projects. If those priorities don't match yours, lobby and vote.

oh for fuck sake

a household income of 100k

what do you mean "basic costs"

holidays - what are they?

Christ on a bike!

You can't live on £100k/annum?!

you've gotta wonder what she means by 'basic costs'

I'll bet they're not the same as my 'basic costs'

yes, lets all wonder what "basic costs" means

Capp - "basic costs" doesnt include holidays!

imagine that!

Make sure you include snack fund in those basic costs. Those things can add up to some SERIOUS dosh!