Average costs vary from Nanny to Nanny and this will all be dependant on the experience of the nanny and how much they have been paid from a previous employer.

 Cost start from £6.50 per hour and can rise up to £12.00 gross for London areas.  Based on a 50 hour week this equates to:

£325-£600 per week for a qualified Nanny attending your home with one to one care of your children

To be clear on your total cost Nanny Link will speak gross at interview to the Nanny and pass this information onto the client. 

Employment costs:

Whether you're employing someone for the first time or you have had a nanny in the past, it is essential that you know from the outset what the costs involved are going to be. One of the most important things you can do in order to avoid unexpected costs at a later date is to agree a gross salary with your nanny. This will not only protect your outgoings in terms of your nanny's actual salary, but if you provide them with any benefits in kind, such as the use of a car, you won't be lumbered with the tax bill for that.

Employing a nanny doesn't have to be expensive, and it certainly isn't just for the wealthy. see rates above

families often find that the convenience of a Nanny outways the costs and where there are two or more children the costs are equal if not less than other forms of childcare.  The Nanny  comes to your home as well! 

 Have you considered sharing a nanny with another family? A nannyshare can be a very cost effective childcare solution and has become especially popular in the current economic climate.

Consider:

Childcare vouchers      
Two types of financial support are available to parents employing an Ofsted registered nanny: working tax credits and employer-supported childcare vouchers. Many nanny employers will not benefit from the working tax credit as only households with a combined family income of £59,000 or less will qualify. However, it is expected that employer-supported childcare vouchers will become a popular way for parents to make a substantial saving, as this form of tax relief is available to all parents, regardless of income. To be able to use childcare vouchers you must be employed and your employer needs to set up a childcare voucher scheme.

 

Getting help in calculating the costs:

Nanny LInk wil be able to give you an idea of your total cost or you can contact our chosen payroll compnaies:

 1.. Waye2paye 

01604 743346 or www.way2paye.co.uk ( a calulator is available to work out the costs) 

2. Nanny Tax

0845 226 2203 or http://www.nannytax.co.uk/   (A calculator is availble on this site to work out the costs)

We hope you find the information helpful

With thanks to waye2paye and Nanny Tax for some of the details in this page

 

Here are the average figures (all nannies) from the Nanny Tax Salary Survey.

These are Gross (i.e. before tax) salaries

For more details click on www.nannytax.co.uk/news/wagestable06.html

Daily (live out) Nannies

 

2006

2005

2004

2003

2002

Central London:

£28,786

£28,171

£26,937

£27,165

£25,082

Outer London/South East:

£23,825

£22,971

£22,519

£22,120

£19,882

Other Cities:

£20,322

£19,948

£19,335

£18,786

£16,360

Rural Areas:

£20,095

£19,863

£18,939

£18,546

£15,295

Live In Nannies

 

2006

2005

2004

2003

2002

Central London:

£22,582

21,573

£19,956

£21,272

£17,967

Outer London/South East:

£19,079

£18,776

£18,007

£17,302

£16,526

Other cities:

£17,142

£16,612

£15,760

£15,521

£14,150

Rural areas:

£17,142

£16,910

£15,689

£15,450

£13,382