We understand that fostering is a vocation, but it is essential to know that you can still meet your financial commitments. The fees vary depending on your role.
Full-time foster carers will receive a professional fee in the range of £27,000 – £30,000 pa dependent on skills and qualifications along with an additional £11,000 (on average) in age related allowances, to meet the costs of caring for the child or young person in their care. This is a total income of up to £40,000 pa.
Full-time planned short break carers* receive approximately £20,000 pa, along with any allowances for children in their care.
It is also important to understand that as a foster carer you are self-employed and will have to complete your own tax returns. The Fostering Network also run free workshops on this. Foster carers are given generous tax allowances; enabling them to earn up to £23,000 in fees and allowances before being taxed.
* Please note that the allowance always follows the child. The short breaks carer will receive the allowance for the child. You will retain your professional fee.