term time only, do I charge a retainer?
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  1. #1
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    Sep 2012
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    Default term time only, do I charge a retainer?

    Hiya, I'm fairly new to childminding and currently only have 1 little one with me, the end of this month I will be having a friends 3 yr old 3 full days a week and her other child after school for those 3 days both term time only, the thing is she is starting uni hence the need for childcare, I currently charge for parent holidays but dont know what to do with this? Do I charge her a retainer for the school holidays or try and fill those spaces with holiday care spaces? I really dont know what to do as her uni is funding her childcare so I presume they wont pay anything out of term time?
    Thanks x

  2. #2
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    Sep 2010
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    I charge a half rate retainer fee for the hols. Basically, the hours they pay me in full, I charge exactly half the rate to keep their place open. Some parents have me in the hols so I charge accordingly and providing it is more than the retainer, I do not charge for the retainer. eg I have children 5 days per week term time but if I have them for 2 full days in the hols it will exceed the retainer fee so I do not charge for the other 3 days retainer even though I could with how my contracts are worded. I try to be fair to parents but make a living too.

  3. #3
    Join Date
    May 2011
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    St Helens, Merseyside
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    It will depend on her university course and circumstances as to whether uni will pay fees for holiday or not. she needs to check.

    I have a new parent who starts on 1st Oct, and uni will pay for her fees during the holidays as well as termtime

  4. #4
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    Just remember university have really long holidays, their terms are much shorter than schools.

  5. #5
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    Mar 2008
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    I look after 2 children tem time only and uni pays my retainer,you have to get your parent to ask or do it yourself with mums permission .

  6. #6
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    Jul 2011
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    I have a mind only 1 day awk term time so i just charged a higher rate, no retainer

  7. #7
    Join Date
    Jan 2009
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    Surrey
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    i offer tt-o contracst BUT i specify that it is based on MY local authority and schools holidays (as lots of my parents work in private schools and other boroughs).

    I think 13 weeks payment free is quite generous without adding in uni or private school holidays.
    if you do what you've always done, you'll get what you've always got

 

 

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