You are here: Home - Household Bills - News -

Grandparents could earn £19k if they charged for babysitting

Written by:
Grandparents could be earning nearly £19,000 a year if they were paid to babysit their grandchildren – more than twice the average annual state pension.

If grandparents were paid the national average (£9 per hour) for babysitting  five days a week they could boost their income by £18,720, according to

In comparison, the average state pension is currently worth £8,546.20 a year.

In a survey of 2,000 of its members, the online childcare platform found 58% of parents asked grandmas and grandpas to provide childcare at least three times a week, while 23% said they relied on grandparents’ support four days a week.

Just 10% of members surveyed said they don’t receive any childcare support from grandparents.

Richard Conway, founder of, said: “Grandparents are often heavily relied upon when it comes to babysitting and these figures show just how valuable their time is. On average, babysitters are getting paid £9.00 per hour, and when you consider that some grandparents have become the primary carer for their grandchildren while parents are at work, it adds up to a very substantial amount of money.”

According to the survey, the typical age range of children being cared for by their grandparents is between three and 11 years old.

More than 40% of people surveyed said they preferred their child to be looked after by a family member if further babysitting was required, 29% said they couldn’t afford the additional cost and 9% were single parents in need of extra help.

There are 0 Comment(s)

If you wish to comment without signing in, click your cursor in the top box and tick the 'Sign in as a guest' box at the bottom.

The savings accounts paying the most interest

It’s time to get your finances in shape, and moving your cash savings to a higher paying deal is a good plac...

Everything you need to know about being furloughed

Few people had heard of ‘furlough’ before March 2020, but the coronavirus pandemic thrust the idea of bein...

The experts’ guide to sorting out your personal finances in 2021

From opting to ‘low spend’ months to imposing your own ‘cooling-off period’, industry experts reveal t...

What will happen if rates change

How your finances will be impacted by a rise in interest rates.

Regular Savings Calculator

Small regular contributions can build up nicely over time.

Online Savings Calculator

Work out how your online savings can build over time.

Having a baby and your finances: seven top tips

We’re guessing the Duchess of Cambridge won’t be fretting about maternity pay or whether she’ll still be...

Protecting family wealth: 10 tips for cutting inheritance tax

Inheritance tax - sometimes known as 'death tax' - can cause even more heartache for bereaved families. But th...

Travel insurance: Five tips to ensure a successful claim

Ahead of your summer holiday, it’s important to make sure you have the right level of travel cover or you co...

Money Tips of the Week