Thanks for the context @TearsForFears25 - you’re definitely on the right track! Let’s break it down step by step so it’s easier to follow:
- Funding calculation:
Your child is entitled to 22.8 funded hours a week, and attends 3 days a week.
Each day is longer than the funded hours, so the hours over the funded entitlement are what you pay for.
If you’ve worked out 8.7 extra hours per week and the nursery’s funded hourly rate is £6.66, multiplying 8.7 × £6.66 gives roughly £57.94 per week.
- Spreading over the year:
The nursery spreads fees over 50 weeks and collects in 12 monthly payments, so £57.94 × 50 ÷ 12 ≈ £241.41 per month. ✅ This is exactly how your nursery has suggested to calculate it.
- Additional costs:
Consumables or extras (like snacks, crafts) are separate. £8 per day × ~12 days per month = roughly £100.
- Tax-Free Childcare:
Once your monthly nursery bill is final, you can use Tax-Free Childcare to reduce what you pay yourself. That comes on top of the calculation above.
So yes — your maths is correct! You’ve done a great job. If you have any other questions, your provider should be willing to talk through the way you are charged with you.