I'm thinking i'l take a deposit for places that are going to be taken quite soon and retainers if i'm going to be holding the place for a lengthy amount of time...but how do i distinguish between this?
Deposits and retainers are really bugging me:panic:
Sorry:o

I'm thinking i'l take a deposit for places that are going to be taken quite soon and retainers if i'm going to be holding the place for a lengthy amount of time...but how do i distinguish between this?
Deposits and retainers are really bugging me:panic:
Sorry:o

Right i will try my best but i have had a drink :laughing:

A deposit is taken if you are holding the place but cannot offer care.

A retainer is charged if you have the place open but they dont need it yet, therefore if you charge a retainer you must be available to use (at full price) and with notice

am i making sense?

This is what I do with regards to deposits and retainers

Deposits
To secure a place for your child, a deposit of one week’s fee is required. If you then decide not take up your reserved place your deposit will be forfeited. If for any reason I am unable to take your child as agreed the full amount will be refundable.

Retainer Fees
If I have a vacancy available but you do not require it straight away a retainer fee will be charged. A retainer fee is charged when a childminding place is being reserved for your child, preventing me from offering the place to another child and therefore, losing potential income. Retainer fees are charged at 50% of the normal fee that would apply but are NOT a “credit” towards future childminding fees. This is my income. Retainer fees are non-refundable should you decide not to take up the place. Childcare is available by arrangement during the retainer period with the other 50% becoming due. Term time only contracts will incur a 50% retainer fee to keep the space for your child, if you opt not to pay a retainer fee then I cannot guarantee a place being available when school resumes.

Hope that helps :D

This is what I do with regards to deposits and retainers

Deposits
To secure a place for your child, a deposit of one week’s fee is required. If you then decide not take up your reserved place your deposit will be forfeited. If for any reason I am unable to take your child as agreed the full amount will be refundable.

Retainer Fees
If I have a vacancy available but you do not require it straight away a retainer fee will be charged. A retainer fee is charged when a childminding place is being reserved for your child, preventing me from offering the place to another child and therefore, losing potential income. Retainer fees are charged at 50% of the normal fee that would apply but are NOT a “credit” towards future childminding fees. This is my income. Retainer fees are non-refundable should you decide not to take up the place. Childcare is available by arrangement during the retainer period with the other 50% becoming due. Term time only contracts will incur a 50% retainer fee to keep the space for your child, if you opt not to pay a retainer fee then I cannot guarantee a place being available when school resumes.

Hope that helps :D

oh you explained it sooo much better........

note to self do not offer advice when been drinking red wine lol

note to self do not offer advice when been drinking red wine lol

:laughing: :laughing: :laughing:

Great explanations - think I may use them please.

Good advice Marie

Angel xx

Thankyou ladies...that does really help:)
I think i've finally got it:blush: I've not been working since before i had my little boy 10 months ago so i still have baby brain!!!:blush:

Kelly:)

Thankyou ladies...that does really help:)
I think i've finally got it:blush: I've not been working since before i had my little boy 10 months ago so i still have baby brain!!!:blush:

Kelly:)


hahahah i've got that and i haven't had a baby :laughing: :laughing:


xxx