Fee Help please!!

[TearsForFears25]

Hi everyone, I’m wondering if anyone can help me estimate how much our nursery fees will be please? The nursery have sent us an email ahead of starting there with some funding info but I’m not too sure.

We have applied for the 30 funded hours, and tax free childcare. He is entitled to 22.8 funded hours a week, and attends 3 days a week. Each day is from 7:45-6:15. They spread the funding over 50 weeks. There are 12 payments throughout the year, on the 25th of every month. One full day is £69.89 but they have said in the email that the hourly rate for funded hours is £6.66.

I was never good at Maths so not sure if I calculated this right - plus I typically need things super clear/spelled out to me.

I worked out that we’d need to pay 8.7 hours a week. Using the rate they gave us, that gave me £57.94 a week to pay - multiply by 50, and divided by twelve, that gave me £241.41 to pay per month after the funded hours, but before the tax free childcare came off too.

There are additional consumables we’ll be opting in for but that’s pretty straightforward as it’s £8 per day so that’s £100 per month.

Sorry for a ramble but wanted to include as much as possible. Would my findings for the fees themselves be correct? Or is this the completely wrong way of calculating it?

Your maths seems ok to me... although someone may be along soon to say otherwise (it's not my strongest suit either).

Have you subtracted to 20% for TFC?

Thanks for replying! That figure i got was without the tax free, just the funded hours so would give me £180 monthly with TFC if its 25%

I'd also like to add that my fees can vary a bit each month so you might not have exactly the same amount to pay each month. My son currently attends x2 days per week (Thursday/Friday), but depending on which days fall when, that might be 10 days in one month, other months it might only be 7 days. There's quite a bit of fluctuation because of this, so it might be something to be mindful of. We also use stretched funding and I was surprised at how significant the difference is sometimes!

It's a 20% top up. So if you pay £180, for example, the government top it up to £225.

https://www.mumsnet.com/talk/sponsored_qas/5364773-ask-us-anything-about-funded-childcare-eligibility-applying-and-what-to-expect-ps100-voucher-to-be-won

This thread might also be helpful.

Thank you not sure where I got 25% from I think my relative told me it had gone up!