18 January
Live-in wages up
Nannies "earn more than £28k"
By Fatima Rahim for thelondonpaper
Average salaries for nannies in London have increased to more than £28,700 a year, research suggested.
Even live-in nannies, who are paid less to compensate for board and lodging, enjoyed a 4.5% pay rise last year to more than £22,500, according to a study by Nursery World magazine. More than half of the nanny jobs are part-time.
Liz Roberts, editor of Nursery World said: "Although hiring a nanny is not cheap, it is a flexible and cost-effective option for many families, given the tax breaks on offer and the sharp rises in nursery fees."
Andrew Myers, managing director of Nannytax, said: "Whilst nanny salaries as a whole have stabilised, the market is now split into a distinct two-tier pay structure, with the professional English nanny commanding a higher-than-ever wage. This is being offset by the new Europeans who provide a low-cost alternative.