Been offered a Job....

[hellogoodbye]

Hello. I was going to be doing childminding and I am in the final stages of registration and have a meeting with a potential family on thursday.

HOWEVER...last week I was offered a job with a family I already do a bit of occasional nannying for. It's a great job, good children, nice parents etc BUT it's only £5 and hour, which isnt even minimum wage. BUT then I would be taking my DD with me so wouldnt expect a full Nanny rate.

In some ways I think, well it's the same as somebody who was earning more but then paying for childcare, as obviously I won't have that issue. But then I think, I was going to charge £4per hour per child doing childminding so if I were to take on 2 children, I would be getting £8 pr hour and wouldnt pay as much tax because of the expenses.

Also, I have no idea how I would do the tax etc doing the Nanny job. The family want to pay me into my bank account with the childcare vouchers. Not sure how I do this either? Would I pay Tax on this amount? It would be £200 per week, term time only.

What would you do? It seems silly to turn down the work, but also dont want to commit to it if I can get paid more doing childminding.

Confused now

For £5 an hour (which I think is way too low - even with your DD) I'd go for the childminding.

You've cme this far with the registration. You may end up with 3 children if one is school age - so even better money.

How much do you think I should charge if I were to ask for more? I have just emailer to say I am concerned it wont be enough (put it in a nice way).

Do you drive?

yes

Do they mean £5 per house before or after tax and NI?

How many hours per week are they thinking of?

You could always accept the job, carry on with the childminding process and its always something you could do holiday times. At least its there to fall back on if things dont work out with your new job. Good luck

If I were you I would carry on with the childminding, as you can be your own boss and work from home.

Where are you located? For my area, it looks quite low. Typically childminders in my area get £4.50-£5.50 per child, and nannies can get £7-£10 gross per hour (however, as you have your own child, then that could get reduced by 20%-30% or more).

If you are nannying term-time only, what about retainer pay during school holidays? I've been nannying term-time only for a while now, and I wish I had retainer pay during the holidays. If I ever do term time care again, I would want something to help cover school holiday periods.

As a nanny, you would be their employee - so they would need to deduct your Tax and National insurance from your gross salary. They would also have to pay Employers NI.
Roughly, if you earned £200, then £30 per week of that goes in Tax and NI. Have a play with this tax/ni calculator.
It would also cost your employer around £12 per week in Employers NI... play with this calculator.

To accept childcare vouchers as a nanny, you need to be registered with Ofsted, under the vOCR. That currently costs £100 per year. Your current ICP course you are doing would be suitable for registration - so whatever you decide to do, complete your course if you have not already completed it. You also need 12-hour First Aid (should have that already as also a requirement for childminding), plus Liability Insurance (if you have insurance as a childminder already set-up, contact you insurer to see what the additional premium would be to include nanny work). Otherwise, Morton Michele provide nanny insurance starting from around £60 per year.

Yes, you pay Tax and NI on the childcare voucher amount. Your employer calculates your pay as per usual, but when paying you your net (take home) salary, they deduct the value of the voucher - so part of your net pay comes from the voucher company, the rest directly from your employer.

As a childminder you are your own boss, you dictate the terms. Think carefully about if you really want to be an employee, now that you are so far down the process of childminder registration. Being your own boss can be nice, but can also be risky. Suppose it depends on how willing you are to take risks - but you have already taken the risk of getting this far... so why no give it a go... see what happens over the next six months, and if things are not working out, then look around for nanny work.

I am in UB9.

Thanks for the info

Is it for one chid or more? Would the family not consider using you as a childminder? I would have thought one of the main priorities for most parents is having someone they like and trust, so if they already like you perhaps they'll consider this alternative arrangement. Plus then their children will also get the social benefits of being with a cm.

Personally I think £5 is too low for a nanny job, I pay £6 per hour for my cm!

i suppose its tempting but you are tied to them then and what would you do in term time for money? i would do the child minding you will find it much more rewarding!

I have told her that its not enough money and she just said ok so I think thats the end of it.

It was £5 an hour before tax and NI too.

I did offer to CM them but I am not very local to them and one of the children goes to school locally.

And yes, it was £5per hour for 2 children, but 1 would be at shool alot of the day.

def dont do it then, I think she was taking a chance hoping you would say yes!!