Getting a nanny can be a total gamechanger, but it’s also uncharted territory for many families. There are lots of different things to consider, one of the biggest being finances – in particular, how much will having a full-time nanny cost?
In this article we look at what the average cost is for a full-time nanny in the UK, how the rates vary depending on where you live and what other factors you need to consider.
This guide doesn’t cover part-time/wraparound nannies, so if you’re looking for more flexible childcare you should check out our free on-demand childcare app. You can easily find, book and pay for temporary nannies who’ll look after your kids part-time.
But if you’re interested in a full-time nanny, read on for more information.
Before you get started
It’s important to know that if you hire a full-time nanny, that makes you their employer. This means you will have certain financial obligations, such as paying their monthly salary alongside tax and other costs.
The main thing to remember is that nannies usually talk in net salary terms (i.e. how much they will take home), whereas parents prefer to talk in gross salary terms (i.e. how much will be going out of their bank account).
There is a difference between net and gross salary because as an employer, you’re not just paying the nanny a certain amount that they take home – you’re also paying their tax, national insurance and sometimes other costs.
Don’t worry if this seems a little daunting – we’re here to help! Bubble offers a concierge nanny service to help you find the perfect nanny, and we also handle the admin and guide you through the entire process.
For ease, we’ll be talking in gross terms in this article – i.e. how much money you will have to pay in total for hiring a full-time nanny. We also have a great guide which you can check out to learn more about the cost of hiring a nanny.
What are your options?
As mentioned, this article is about full-time nannies rather than flexible nannies. One choice you need to make is whether you want your nanny to live in or live out – 92% of nannies are live-out, so that’s what we focus on in this article. If you’re looking for a live-in nanny it can be cheaper but is much less common.
You can also decide how frequently you want to be paying your nanny. Around a third of nannies are paid weekly, and the other two-thirds are paid monthly. This is something to discuss during the hiring process, as you (or the nanny!) may have a preference.
You should also be aware that you may want to give your nanny an expenses budget for activities/fuel/things for your kids. You can discuss this with them when starting, but just remember that this is an additional cost alongside your nanny’s salary.
How much does a full-time nanny cost in London?
In the capital, the average gross salary for a full-time nanny is £34,717 a year – which works out at just under £2,900 per month or £668 per week. This gives the nanny a take-home salary of £2,175 per month, which is just over £500 per week. The difference between the two figures goes towards the nanny’s tax and national insurance.
There are of course variations depending on where in London you live. Nannies are more expensive in Central London, with an average gross salary of £37,700 per year (which is £3,142 per month). By contrast, East London has the lowest average gross salary for nannies, coming in at around £31,720 per year (which is £2,643 per month).
How much does a full-time nanny cost in the rest of the UK?
As is usually the case, you can expect to pay less for a nanny if you live outside of London rather than in the capital. There are still regional variations to consider, though; for example, Greater London and the Home Counties have higher average gross salaries for nannies than other parts of the UK.
Average gross salary for a full-time nanny across the UK:
|Greater London & Home Counties||£11.15||£558||£2,416||£28,990|
|Rest of the UK||£10.49||£525||£2,273||£27,274|
There are also variations between the different nations in the UK, with the average nanny’s salary being lower in Scotland than in England and Wales. Here’s a breakdown by geographic region:
Once you know how much you’re happy to spend on a nanny, you also need to consider how you’re going to find them. Most people use an agency to do this, and in return will pay an initial fee along with a finders’ fee once they’ve found a suitable candidate.
If you use Bubble’s Full Time Nanny service, you’ll get a better deal than other agencies:
- No upfront fee – you don’t pay anything until you’ve found a brilliant nanny
- We charge just 7.5% of the nanny’s annual salary* – unlike other agencies that charge between 10-15%
- As part of our service we’ll take care of contracts and payroll for free – saving you hundreds of pounds
- We’ll also give you free premium membership and £250 childcare credit to use on the Bubble app for any back-up care or extra babysitting you may need
To learn more, submit an enquiry here and one of our team will get back to you shortly.
Once you’ve decided to hire a full-time nanny, you can move forward with interviewing nannies and choosing your perfect fit. For more information on this, check out our top tips for finding a great nanny.
Data and infographic are from the Nannytax website.
* Charge is 7.5% + VAT of the nanny’s net salary if they are working more than 30 hours a week and longer than 6 months; if their contracted hours are below 30 hours a week or are for less than 6 months, the fee is 10% + VAT of the nanny’s net salary.