Very few if any, go into fostering for fostering payments or the financial reward. However, we believe that it is important that foster carers are given financial payments that cover the ‘costs’ of caring for children in foster care as well as a ‘reward’ element that recognises your time and effort.
The exact amount of fostering payments offered to foster carers varies depending on the type of placement. Sometimes these payments may be less and sometimes they may be more depending on the age of the child and their individual needs.
At Welcome Foster Care we pay a very competitive and attractive allowance, per week for each child.
Foster carers are classed as self-employed and receive tax relief, meaning you’ll often pay very little (or no) tax and national insurance.
We believe that although our fostering payments are very competitive, we know that it is impossible to place a monetary value on work that foster carers undertake on a day to day basis. Finally, we also offer excellent free training and local support that really makes a difference to you and the young person you care for.
To find out more about fostering payments, call us now on 020 3397 3332