Nanny costs

[ASN1985]

We have two DS (1 and 4) and we employ a nanny 40 hours a week. I work 4 days a week (long hours) and DH’s work is unpredictable with travel.

When we only had 1x DS, he was at nursery. Now that we have 2, having a nanny makes more sense. DH earns over £100k.

My work is looking into childcare schemes but it seems to me that these only apply to nurseries. Does anyone know of schemes that also apply to Ofsted registered nannies? I know that Nannypaye and nannytax are campaigning for the government to include nannies in the free 15 / 30 hours (which would make sense to mirror the previous childcare vouchers which were available for use with nannies). TIA

Tax free childcare can be used with a nanny but you would not be eligible for that as dH earns over £100k.

There was an Employer Supported Childcare scheme which prior to 2018 could be used, but that scheme is now closed to new parents.

So I cannot think of any scheme available.

Even if nannies were included, you earn too much to be eligible.

OP does he earn over £100+ after tax? You become ineligible if his net adjusted income
Is over £100k.

I earn just over £100k but pay into pension to bring my income down below the threshold. I have 3 kids so I really need the extra 6k in tax free childcare + the 30 free hours when it comes

As for a nanny, nanny is definitely more expensive than a nursery for 2 kids.

My work has back up childcare which gives 20 days of childcare per child subsided . See if your husband's job offers it.

As above if can get under £100k nett via pension then will be able to claim via an ofsted nanny

It’s also dependant upon the nanny so just because someone is eligible doesn’t mean that it will be an available option (a little like some nurseries don’t offer 30 funded hours).

Thank you everyone, very helpful!

DH earns over £100k net (I earn under that). We will have a think. The pre-2018 scheme would have worked for us. We live in a rural area and both commute 1.5hrs (with uncertain days in the office) which is why we have a nanny rather than nursery. Agreed that nursery makes more financial sense even with 2x DC!

I appreciate you all taking the time to reply x