Would you like to foster a child? Foster care is a concept not new to many people, however, they come forward to offering children and young people a home along with a great life while their own families are unable to look after them.
There can be a variety of reasons, why such children are unable to live with their families, maybe from temporary illness, financial issues, or issues like abuse within their home or the death of the parents.
Know all about fostering allowance and fees…
Becoming a foster carer and caring for a child who doesn’t have any home or good parents to care, has its own reward, but at the same time financial benefits as well. Foster carers won’t feel so happy to work with these needy children, but also, they can expect earning while caring these little to young children for a short or long-term.
Many private fostering agencies pay a fostering allowance for each foster child for their day-to-day care. Aside from this, fostering agencies also pay foster carers a professional fee, which can be called as their income they can earn to help needy children. The allowance and fee average a total weekly minimum payment can be £400 for each child or even more.
Fostering a child – Truly rewarding experience
Fostering a child is all about changing a child or young person’s life for their better future, but to change the future of the foster parents as well. It is said that foster care pay is enough to make fostering a viable career choice for most of the family today, hence one should check the pay details, and get back to work to shape the future of these little and young ones.
Ironically speaking, fostering a child who desperately needs your help not only gives you emotional rewards but financial benefits, too. Here are what fostering parents can expect as follows-
There is a weekly fostering income that splits into two distinct parts-
-Money that supports foster carers to cover the costs of caring for a foster placement, including the cost for food, clothing, education, transport, and many more others. This can be between £130-200 per child.
-Second one is a monetary reward for the carer’s hard work and dedication in providing the best fostering services. The income, later divided as per the type of placement-
-Parent and child placements – approx. £800 per week
-Therapeutic placements – approx. £400 to £480 per week
-Standard placements – approx £600 per week
Also know that foster carers are considered as self-employed professionals, thus, they are eligible to claim income tax relief benefits.