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Information on foster carer allowances
Fostering Solutions recognises the challenges of the fostering task and the vital role our foster carers play in communities in which they live. Therefore, we firmly believe in treating out foster carers as child care professionals and therefore paying our carers a foster carer allowance as a reward for their skills.
We, at Fostering Solutions, value the work of all our foster carers and in order to allow foster carers to take advantage of some tax benefits given to them by the Inland Revenue, all foster carers are deemed, by the Inland Revenue, to be self-employed. As it is not possible to cover every foster carer’s specific and personal circumstances, we recommend foster carers seek tax advice from their local Inland Revenue office once they are approved as a foster carer.
Foster carer allowance
Foster carers receive a payment for each young person for whom they care. As a national fostering agency, Fostering Solutions takes into account the government's recommended 'National Minimum Fostering Allowances'.
The payment foster carers receive is divided into two parts; the maintenance element (covering the cost of looking after a child/young person) and the reward element (in recognition of the foster carer’s skills).
The maintenance element covers items, such as:
- pocket money/savings
- Christmas, birthday or other festival presents
- leisure activities, including holidays
- transport within a 20 mile radius
Payment of the foster carer allowance
Fostering Solutions recognises the importance of prompt and regular payment of the fostering allowance to all its foster carers. Therefore, the agency endeavours to pay the fostering allowance to foster carers by BACS on designated days each month. Payments of foster carer allowances and fees are made promptly at the agreed times and foster carers are provided with a detailed statement of payments at the end of each tax year.
For more information about foster carer allowances, contact Fostering Solutions directly on 08453 700 500 or request a free 'Guide to Fostering' today by using the form on the right.