Foster care allowances and fees
We know that very few, if any, go into fostering for the financial reward. We have been reviewing our payments to carers and are introducing a new payment scheme which will be in full effect from 1 April 2017.
But for many foster carers, fostering is their main source of income. The fees that are paid to Plymouths foster carers are designed to cover the costs of the foster children in their home and for there to be a reasonable reward element which contributes to the foster family’s daily needs and obligations.
This tax free amount is paid weekly directly into their bank account
There are two elements which make up the total amount that they will receive.
- The allowance that relates solely to the child and is dependent on the child’s age.
- The reward payment which recognises the value and commitment that foster families bring to our service.
This element is also paid per child but increases dependent on the child’s age and individual needs.
Foster carers are classed as self-employed and receive favourable treatment from HMCTS when it comes to paying tax on income from fostering.
Our foster carers also gain membership to ‘Foster Talk’ which provides specialist advice and support on tax, pensions and other financial matters.
Fees and allowance structure for Plymouths Foster Carers
|Age||Weekly allowance for child||Weekly reward payment to carer per child||Total payment|
*NB There is enhanced payments available to carers who look after children with significant/additional needs.
We pledge to support you as a foster carer and will make sure you are:
- a valued member of the child’s support team;
- clear about what you are expected to do and your responsibilities as a foster carer;
- always part of the fostering decisions made for children;
- matched as well as possible to the foster children placed with you;
- well trained and supported;
- confident to say no to a placement;
- involved in plans about children’s contact with their family;
- able to ask for help;
- able to question decisions;
- given enough information before a child comes to you;
- aware of the child’s needs, behaviours and background when children arrive;
- earning a fair and reasonable income as a full time or part time foster carer
If you’re ready to start the application process and want us to help find the best route into fostering for you, contact us now.