TTO payment
Thanks Thanks:  0
Likes Likes:  0
Dislikes Dislikes:  0
Results 1 to 8 of 8

Thread: TTO payment

  1. #1
    Join Date
    Jun 2011
    Posts
    513
    Registered Childminder since
    May 11
    Latest Inspection Grade
    Good
    Post Thanks / Like

    Default TTO payment

    My TTO parent has given me the dates for the school holidays.
    She starts 10th Sep
    22nd - 26th Oct
    24th - 4th Jan
    18th - 22nd Feb
    1st - 12th Apr
    6th May
    27th - 31st May
    24th July - 10th September

    I make this 66 holiday days

    I'm taking a week off in september, making it 71 days and 104 weekend days (52 weeks a year x 2 weekend days) 175 holiday days
    so the maths i've done is

    365 (days in a year) - 175 (holiday/weekend days) = 190 working days x daily rate / 12 (months in a year)

    Is this correct, before I send it to the parents and look silly

  2. #2
    Join Date
    Aug 2009
    Posts
    4,125
    Registered Childminder since
    sep09
    Latest Inspection Grade
    outstanding
    Post Thanks / Like

    Default

    If shes doing Mondays you may need to take off any bank holidays that fall in term time , unless you charge for them.

  3. #3
    Join Date
    Aug 2007
    Posts
    31,017
    Post Thanks / Like

    Default

    Quote Originally Posted by mama2three View Post
    If shes doing Mondays you may need to take off any bank holidays that fall in term time , unless you charge for them.
    I think Mayday is the only one that does and she's taken that off.

    Miffy xx
    Keep smiling!

  4. #4
    Join Date
    Aug 2009
    Posts
    4,125
    Registered Childminder since
    sep09
    Latest Inspection Grade
    outstanding
    Post Thanks / Like

    Default

    Quote Originally Posted by miffy View Post
    I think Mayday is the only one that does and she's taken that off.

    Miffy xx
    More awake than me Miffy!

  5. #5
    Join Date
    Jun 2011
    Posts
    513
    Registered Childminder since
    May 11
    Latest Inspection Grade
    Good
    Post Thanks / Like

    Default

    thank you, I'll send her the sums and see if she agrees

  6. #6
    Join Date
    Aug 2009
    Posts
    4,125
    Registered Childminder since
    sep09
    Latest Inspection Grade
    outstanding
    Post Thanks / Like

    Default

    I added it up to 191 , adding up your actual working days rather than knocking off holidays. Tbh by the time youve divided it into months it will make hardly any difference!
    so yes , 190 or 191 , x daily rate , divided by 12 calendar months.

    make it clear that this runs from 1st September 2012 to 1st september 2013 and that should the contract change or end before this date that fees will be calculated and there may be a difference to be paid.

  7. #7
    Join Date
    Sep 2008
    Location
    Somewhere West of Watford!!!
    Posts
    9,085
    Registered Childminder since
    Aug 94
    Latest Inspection Grade
    Good
    Post Thanks / Like

    Default

    For term Time only care there are 39 weeks of paying term time and 13 weeks holiday.

    So if you are taking a week off during term time if the parents are happy with that so close to the beginning of term then as long as you are not taking any more holiday in term time through the year yes you charge for 38 weeks.


    If you are thinking of dividing this so the parent pays the same each month then be aware that if they leave say at Christmas, you will have a big chunk of money to repay to them. They may have to repay you so do keep a list of actual monthly payments against monies paid so you and the parent know the situation.

    I must confess I make Term Time Onlys pay monthly as they go and i add in a half fee retainer fot the holidays into their fee.

    So 39 weeks at fee + 13 weeks at half fee divided by 39

  8. #8
    Join Date
    Apr 2009
    Posts
    1,429
    Registered Childminder since
    mar 10
    Latest Inspection Grade
    GOOD
    Post Thanks / Like

    Default

    I agree with Ricky, be careful about dividing it into equal payements. I charge my tto parents a monthly fee (in advance) so theres no confusion.

 

 

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •  

Quick Links and Advertisements

Important Information Links
Some Useful Quick Links
Advertisements

 

You can also find us on:
TTO payment TTO payment TTO payment

We use cookies to make this site as useful as possible. They are small text files placed in your browser to track usage of our site but they don’t tell us who you are.
By continuing to use this site you are consenting to cookies being placed on your computer. Find out more here: Cookies in Use

Childminding Help and the Childminding Forum are part of Childcare.co.uk