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Paid childcare

Discuss everything related to paid childcare here, including childminders, nannies, nurseries and au pairs.

Is being a childminder profitable?

65 replies

Yorkymidge · 10/05/2020 18:36

Hello,

I have two children aged 2 and a 3 month old baby. Lockdown (amongst other factors) has made me realise that i don’t want to go back to working in a nursery. I know two childminders, one claims to earn £40k per year, before deductions, the other is always on holiday and seems to have a comfortable life, she says she claims a lot of bills eg heating/water. She only has one child during the day, then before/after school children. But from what i’ve heard from forums, childminders don’t seem to earn much. So, what i’m asking is, is it all that it seems from the people i know? Is it profitable? I have an attached converted garage so could keep the business separate from my home as such and i hold a foundation degree in early years.

Thanks!

OP posts:
Are your children’s vaccines up to date?
Maryann1975 · 21/05/2020 14:50
  • Do you love being a childminder?
Yes, I do really. Obviously I’m closed at them moment and I’m missing the little people I look after a lot. It’s really hard to go from seeing them every working day, some of them have been here for years and then nothing for a couple of months. I changed my working hours a couple of years ago and do a 4 day week now which has really helped me have a bit more balance in my life. I would really recommend this to anyone. Also, be strict about hours. I work 8-5. I know some minders how start at 6.30 and do a 12 hour day. For some this is fine, but some really end up resenting it. Sometimes I might have a vacancy for a little longer, but I’ve never had a vacancy longer than 4 months. It’s definitely worth hanging on for something that really suits rather taking on a family and resenting their hours.
  • What are the set up fees that i might not of thought of?
First aid course, safeguarding course, PACEY (or similar) membership (I’ve found Pacey to be really good through the pandemic), insurance - public liability, business car insurance, home/contents insurance, equipment-high chairs, pushchairs/double/triple buggy, stair gate, toys/resources suitable for various ages, fireguard, first aid box, car seats, toy storage, travel cots, children’s plates, cups etc. There’s loads of stuff you can buy, but you might not need it all.
  • My area charges around £4-£5 per hour, is this profitable?
Fees for one child are £4-5, but you can have more than one child at a time, so this pushes your income up. Obviously because you have two little ones Of your own, taking up two of your spaces you can’t have more than one extra one, but you won’t be paying out for childcare so factor that in to your sums. You can also have after school children. I charge more per hour for these spaces as it’s a bit of a pain to go out at 8.30 and then again at 3, but it really makes a difference to my income. At one point I thought about finishing school runs, but they are worth over £5000 to me, so I’ve kept them on for now (I have 2 or 3 school children a day).
  • Is it worth taking on an assistant?
I don’t think it’s worth it for me, no. I wouldn’t want the stress of knowing I had to pay someone else, although you could have more children, if those children leave, you are still liable for paying the assistant, they would be an employee, so you would need to be looking in to holiday entitlement, national insurance, pension contributions. Normally, I meet other Childminders pretty much every morning and then come home for the afternoon, so I get the best of both worlds, adult company and time working on my own with the children.
  • Do you manage to claim anything back eg heating, water?
HMRC have a list of how much you can claim as expenses depending on how many hours you work. From the top of my head, if you work full time (36 hours), it’s 33% of heating and lighting costs and 10% of council tax and water rates. All other related business costs can be put through as expenses, so food, milk (childminders are also eligible to claim back a third of a pint of milk per child under 5 each day), outings, petrol costs, toys, consumables such as paint, glue, crayons etc, any childminding courses you complete, any groups we go to.
  • I’m confused about the numbers, at full capacity, including before/after school, how many children can i have when i have 2 of my own under 3yo?
In England, childminders can care for up to 6 children under the age of 8, of which 3 can be 5/under school age And only one of those can be under one. This includes your own children. Over 8s aren’t in the ratio, but you have to prove that caring for school age children isn’t negatively impacting on the care you can give the younger children (basically, in my case, I’m just extra organised and have things ready for when we get in from school so I’m not faffing about trying to sort stuff for the older ones to do when we walk through the door). Part of my ‘sales pitch’ is how lovely it is for children to be part of a group with varied ages. Each age group learns from the others, babies learn by copying the older ones, who enjoy playing with the babies and developing their caring skills. I never make the older ones pay with the babies, more often I’m telling the older ones to give the little ones some space because they aren’t dolls!
Apple40 · 21/05/2020 15:00

@ Blondeshavemorefun

Yes I find most move on to bigger setting once 3 if I offer funding or not

Blondeshavemorefun · 21/05/2020 20:06

Ah good point @Apple40

@Maryann1975 cm near me are allowed to work now - aren’t you ?

mummabearfourbabybears · 21/05/2020 21:16

Sorry to take so long replying. Yes your own children would be counted but I'm restricted to one 'in care' child anyway so it's not really a factor. I absolutely love childminding and this council contract is very rewarding. Emotionally and financially. I hope you find something that works for you.

GeorgieTheGorgeousGoat · 21/05/2020 21:25

Blondes childminders can return on 1st June for multiple families if not already working for one family or key workers.

Wewearpinkonwednesdays · 21/05/2020 21:28

With your children the age they are, no, it wouldn't be profitable. However I can make a decent income because both my children are at school now. Now it's not a massive amount of money, but the bonus is I don't pay for childcare, however I do spend a fortune on my minded kids, buying food, taking them on outings, diesel to go places, but that's my choice and don't charge the parents anything for trips out.

SandieCheeks · 21/05/2020 22:09

I earn around £20-25k a year, my expenses are usually another £8-10k on top of that so in my experience about a 3rd of your income will be expenses. Car, food, training courses, utilities, memberships, trips.

I have my own children too so usually have 2 or 3 under 5s all day and a couple of school children. I charge about £5 an hour.

I don't do any preschool runs but I do accept 30 hour funding so usually children stay with me until school.

I always think whatever I earn, I am also saving about £1k a month in childcare for my own children if I had to go out to work so I mentally add that to my earnings Grin

Maryann1975 · 21/05/2020 22:59

@Blondeshavemorefun, I think in England we are allowed to open for key workers and vulnerable children, but none of mine fell in to that category, or if they did, they could keep their child at home (As the guidance suggested). If We had no key workers/vulnerable, we were allowed to open to one family as of the middle of last week, but i felt that announcement was so rushed and no proper guidance, so I’m going to reopen on the 1st as are the majority of other cms I know locally (I don’t know any that opened for one family last week).

Blondeshavemorefun · 21/05/2020 23:29

Ah right. Then sure all your parents will be glad for you to open again

jannier · 22/05/2020 19:12

My children stay until reception....the one who tried nursery left as they went backwards at school nursery. Unfortunately I'd filled his space but I found him somewhere else.

notthemum · 22/05/2020 20:50

Hi, former childminder here. (nearly 20 years). Sorry didn't read all the thread. Most of the time I loved it. My main bug bear was of course Ofsted and the changes they make constantly. I think you said you have some early years experience /qualifications. You still have to start with the Early years team at your local council and do the pre childminder course. (usually run at weekends but they may only offer 1 or 2 courses a year). As previous posters have said you can have three under 5s only one of these can be under twelve months and your children come off of the number you are allowed to have in total. Also the amount of space you have available will make a difference to your total. You may need somewhere for the children to sleep. Do you allow your eldest child juice? Ofsted only wants them to have water. You will get loads of advice from the course but you do have to pay for the course these days. Your start up money can be quite a lot and you have pay for lots of courses throughout. The courses are usually held in the evening or daytime at weekends. You probably won't be able to go to the occasional ones that are held during the daytime in the week because there will be no facilities for your children or any little ones you look after.
If you would like to PM me with all your questions I will do my best to help.
You can claim for expenses (10% of water, gas/electricity and anything that you buy for the kids there are some amazing days and it can be great.
If anyone in your home has sickness or diarrhea the whole family has to be clear of this for 48 hours before the minded children can return to you and obviously you won't get paid if you or yours are ill.

fl2105 · 19/09/2024 12:50

May I ask how much everyone has left in their household after childcare all bills are paid? Not including food shop?

Is it worth going back to work full time? Partner is on 28k I am on 31k nursery fees are like £1200 and we will probably have just under a grand left together after everything paid for

HaveSomeIntrospect · 21/09/2024 23:08

@fl2105 this is a zombie thread.

you will be better off starting your own thread.

when I returned to work after maternity leave, I was paying about £800pm for a full time childminder. This was in 2007, 5 days a week. I was in an Office based role.

I became a childminder in 2011, when I left childminding in 2024 I charging £65 a day, per child, 10 hours a day. Parents were paying approximately £1200pm, as I was only open 4 days a week.

I hope this helps

Mammagirl · 26/06/2025 21:02

Suzanna85 6.5 x by 3 is already a bit more than 20 pounds an hour. Almost double the minimum wage. Plus the after school and school holiday bringing more income… I don’t know how much you earn but that seems like a descent profit to me.

Blondeshavemorefun · 27/06/2025 16:43

fl2105 · 19/09/2024 12:50

May I ask how much everyone has left in their household after childcare all bills are paid? Not including food shop?

Is it worth going back to work full time? Partner is on 28k I am on 31k nursery fees are like £1200 and we will probably have just under a grand left together after everything paid for

Yes as that’s £1000 more then not if you don’t work

your pension will be added to and childcare isn’t forever

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