Nanny advice

[b81]

Hiya

I'm looking for a nanny for my two children but am unsure what rates I should expect to pay?

My little boy has previously been attending nursery but I have just had a second and think a nanny might be more economical when I return to work.

Advice would be very much appreciated!

Cheers

[Saffron]

London living wage is around ?8/hr, and minimum wage is just over ?6/hr. Expect to pay more for a more experienced nanny, or a nanny with special qualifications. A nanny share might be a good way to save money. We currently do a mix of private nursery/nanny. I find this gives us good flexibility and value for money. Good luck! xx

[alieh]

Just make sure you account for the employers taxes, NI on top of that, which you remit direct to government. It's about another 40%! There are many nanny tax calculators online that will tell you this amount.

[motorbird83]

The London Living wage is 8 gross. Keep in mind that nanny pay tends to be quoted net so the two aren't comparable unless you look at the taxes you pay for your nanny. 8 net to a nanny as another poster indicated is more or less equivalent to 11 gross. That really confused me at first. The advice I've had is to agree a gross salary with your nanny in the contract so any changes to tax law don't hit you.

Good luck!

[alieh]

Yes that's true about London living wage being ?8 gross but I've never seen a full time nanny in this area asking ?8 gross. In fact I haven't seen many at less than ?10 net per hour! Maybe just me though!

[LalKJ]

Agree with Alieh, having just been through the nanny hiring process, we didn't see anyone for interview that wasn't requiring ?10 net per hour.

[EDZ]

GOing rate is net ?10hr and up to ?12+ net if they are in a nanny share with three or more children.

[b81]

Thanks all.

Childcare costs are so deeply depressing!