How much would i need to pay for a term-time only nanny?

[dinkyboysmum]

Hypothetically...
How much would you pay for a nanny term-time only? dc2 not even conceived yet but just trying to figure our finances for when the happy day arrives.
We would need nanny for ds who would be 2ish (mostly at nursery), and new baby, 6 months ish. sole-charge term time only, 45hrs per week. am guessing it would need to be nanny, rather than au pair due to baby. would like someone with 3/4 years experience...
am thinking £6/7 per hour..some sort of retainer over hols??
we live in west sussex.

Sounds reasonable. Don't forget £6/7 per hour plus tax, ni and employers ni.

Sorry to sound negative (but I work a term(ish) type contract) - it is possible to find an after school nanny but most people I know have to have or pay for full time rather than term time as otherwise you are asking the nanny to find a 2nd job to cover her income. The most likely options are a nanny with her own child - of school age - but would be compromises at end of school day or nanny share. Here about £8 per hour standard charge for qualified plus the employers liability.

I think you will be lucky to get someone for that money. While the hourly rate sounds ok, you will be lucky to get someone who is happy to be paid a reduced rate for all holidays, half-terms etc (I am assuming you are in education?). You also need to factor in sick children who can't go to nursery, etc. Would you need the nanny to be available to cover those times? You may be lucky to get someone but if you are thinking long-term (which you obviously are as ds2 isn't yet conceived!) remember that the nursery years won't last long for your ds and then you also have to cope with inset days, holidays which don't tie in with the school you work at, half-days for sports day, burst water pipes etc.

In West Sussex you'd be looking at about £7.50-£8 an hour after tax/NI contributions.

This Nanny Cost Calculator might help.

my friend is a term time only nanny... but paid full time.

she chooses 2 weeks holiday in addition to having all the state school holidyas off

she does do 1 full weekend per year though (so the parents can have a weekend away together) in exchange for holidya time off paid.

she occasionaly works a day or 3 in the lead up to september term and at the end of july, so teacher can sort her end of / begining of year stuff out

I used to do a term time only job in Surrey. Salary wise I think you would be looking at salary of £15,000 Gross upwards - based on a 41 week working year (to include 5 weeks paid holiday - thus 36 week actual working). If your school (I'm assuming you are a teacher) has a longer academic year, then salary would need to increase proportionately.
Finding someone who would agree terms such that they didn't get paid at all for 11 weeks of the year is another matter. I have previously agreed to such a contract, but I doubt I would agree to it again. This is due to me initially thinking that I would find sufficient temp work to cover those weeks, but in reality that didn't happen.

I am wondering why you would keep DS1 in nursery, if you had a nanny. Yes, you may have him attend some pre-school sessions (if Government funding is still in place) but to me it seems a little daft to be paying a nanny and nursery fees.

you may find a nanny that has her own school aged children may jump at the chance of a term time only position.

That would reuire flexibility on both sides though if either sides children got ill.

think you would be looking at £8-£10 an nr net for a term time only nanny with 3-4 years experience and someone with baby experience. In sussex wages tend to be slightly higher than here in east midlands and a nanny earns £6-£8 an hr net here and need to pay slightly higher for term time.

Locally childminders seeme to operate a half-pay retainer option over the school holidays (and don't mind doing so as they get school age children to fill those spaces). You're most likely to get a nanny for termtime only if they already have their own children (and will want to bring them part-time).

£6/7 hour sounds cheap but I assume that is the net pay, so closer to £10 gross.