Call us on 01293 826 830 or complete our short contact form to apply/enquire now.
What can I earn as a foster carer?
Depending on the type of fostering you choose to undertake, fostering may or may not be your main source of household income. Some people undertake long term fostering while others just provide short periods of respite care. You are paid for the time that you are looking after a child/young person.
The amount of money you earn depends on the type of care you provide and some typical examples are shown below:
Tax, insurance and the law
Since April 2013 the Inland Revenue has established a "Tax Exempt" element of fees to encourage people to foster. This equates to an individual limit of £10,000 per residence with year, with an additional tax exempt amount per child per week.*
Foster carers are considered to be self employed and must register as such. They must also make suitable insurance arrangements for their home, holidays and vehicles, ensuring they inform their insurance providers that they are foster carers. Cornerways Fostering Services advises foster carers to access home insurance that is specifically designed for foster carers.