As a foster carer we believe you deserve to be rewarded for your hard work.
That’s why we offer all our carers a generous package of financial support. Our payments take into account the demands of fostering and the importance of your role in a child or young person’s life. Better still, they begin from the moment a child or young person is placed in your care.
The weekly fee amount will vary depending on the type of placement, the age of the child or if the child in your care has challenging needs or specialist requirements, you may be eligible for an enhanced fostering fee.
Your fostering allowance takes into account the costs of living with a foster child or young person including:
As a foster carer you’ll be classed as self-employed. This means you’ll be entitled to tax relief and will pay very little, or no, tax or national insurance on your earnings.
Additionally, the money you earn won’t be classed as income when applying for certain benefits either, so you’ll still be able to claim Child Tax Credit and, depending on your circumstances, National Insurance Credits or Working Tax Credit.
To chat to us about fostering finances give us a call on 0141 646 4805 or contact us online.
If you would like some more information to help you decide whether fostering is for you all you need to do is contact us.
Call us on 0141 646 4805 (lines open Monday – Friday: 9am – 5pm)
Fostering a child or young person is a big decision so we’re here to answer any questions you may have. Our friendly fostering advisors can talk you through everything you need to know about becoming a foster carer.
Outside of these hours please call 0800 434 6000. Freephone lines open Mon to Thurs – 5pm to 8pm.