Nanny salary - advice please!

[spottedandstriped]

My friend and I are thinking of employing a nanny to look after our babies who will then both be around 12 months. The role will be 3 days a week and we would like someone with lots of experience - advice please - how much would a nanny like this expect? We are based in the home counties, i.e. not London but South East

Many thanks in advance

gen nannyshares get paid rate and a half

so if £8ph as average nett wage in south east,then nanny would get paid £12nph and it would cost you both £6nph

so costing you both less than an what an average nanny would be

Try to compare with other jobs being advertised in the area. NannyJob is a good site for searching nanny recruitment ads.
I would expect you are looking at somewhere between £90-£130 Gross per day.
Do not agree a NET wage, as your nanny may well have other work the rest of the week.
Consider what you will do with regard to taxation... there are various ways of doing it with a Nannyshare. Some things to read: Nanny share Tax, Nannyshare, Paying Nanny

I think rate and a half is awfully steep. I would offer at most a 20% increase for the hassle of a share -- especially in this market.

And, yes, definitely offer a gross wage, as Nick says.

I would talk to the other nanny-share family and come up with the maximum amount gross that you would pay, then interview some nannies and ask them how much they would expect for the job (ok, so some nannies ie. Nannynick will not interview for jobs when they don't know the salary up front but a lot will). I would then add a little to however much they say (as long as it wasn't at the top of my price scale). I would guess in this market you could get an experienced nanny for less than you would have paid a year ago. ie. maybe for a 'non-nannyshare rate'. But I would try to find a nanny I liked first and sort out the pay after..and aim to have everyone happy at the end.

And as Nannynick said, agree the salary GROSS not net (nanny jobs are traditionally quoted as net pounds per hour). When we had a nanny share we split the tax code between the families which meant that we paid slightly less NI and so did the nanny (so since we had agreed a gross salary she earnt more).

Good luck

Thanks for this. When you say gross, I am assuming that you mean gross of employees NI and the tax you would take off, but not employers NI??

Thanks

sorry bad habit of quoting nett

spotted - yes, that's gross, so cost to you is gross plus employer's NI.