Money Lesson Couple

Does going back to work pay

Take-home pay, minus nursery, is the sum every parent does on the back of an envelope.

Since the funded hours were extended it no longer comes out near nothing, and it was never the whole answer anyway: the pension and the salary you never fall behind on are not on the envelope.

Employment Welfare Child ISA Investments Expenses

She goes back to work

3 Goals

Back to the job that is being held open, two nursery places at once, and a pension and a salary that never stop.

Try this plan

Employment Welfare Child ISA Investments Expenses

She stays at home

3 Goals

Five years at home while the children are small, no nursery bill at all, and a lower salary to come back to.

Try this plan

She goes back to work She stays at home

Going back while both children are in nursery leaves this family ~£604.2k better off by the end, and the household is in the black from the first year rather than the last.