When fostering a child, foster carers receive many different forms of support to help them take care of the children to the best of their ability.
Foster carers are self-employed so for the purpose of National Insurance payments and Income Tax, the fostering allowance counts as income. However, most foster carers don’t have to pay tax thanks to Qualifying Care Relief.
This includes financial support in the form of a fostering allowance that is paid weekly. This can vary according to different factors, including the age and needs of the child, the number of children fostered, and the individual private fostering agency or local authority that the foster carer belongs to.
Foster care pay (fostering allowance) from National Fostering Group is designed to give you financial stability and peace of mind, so you can focus on what’s important. The average is around £22,000 but you can earn as much as £35,000.
Learn more about foster carer pay and the different types of placement or get in touch with your local team for a chat.