Discovering Potential: Achieving Success

  • Fostering Allowances

    How much do foster carers get paid?

How much to foster carers get paid? Fostering Allowances

Fostering AllowancesHow much do foster carers get paid is a question we are asked frequently. We believe that fostering not only provides an alternate means of income, it also provides a fantastic opportunity to change the way you live and the life of a child. And you can’t put a price on that.

Being a foster carer is a respected and valued profession and as such we offer generous and competitive fostering allowances. These are designed to offer our carers a reward element AND also cover the cost of looking after a child or young person in your care.

To find out more about our generous allowances, please get in touch with us.

 

Turning to the practicalities, as a foster carer you will be classed as self-employed. Your earnings will be subject to special tax arrangements which generally means you will pay extremely low, if any, tax on your fostering income. There is a fixed tax exemption of up to £10,000 per year and you may also be able to receive tax breaks on earnings over £10,000..

If you currently receive benefits, these may still be paid alongside your fostering payments.

Contact Fostering to Inspire

There is no commitment to contacting us. We would love to hear from you and answer any questions you may have. We look forward to hearing from you.