How much do foster carers get paid?
You can find out how much you could be paid as a foster carer by using our fostering allowance calculator.
Allowance calculatorFostering allowance and benefits for foster carers.
We’re here to support you, 24/7, whilst you make a difference to young people who deserve a home. We understand that fostering can be demanding at times and requires a full-time commitment, which is why we pay our foster carers a generous fostering allowance that helps to support the foster child while also acting as a reward for the carer, allowing them to focus on providing the best possible care to their foster child.
Your fostering allowance is two payments in one. One part covers your foster child(ren) 's living expenses, such as food, clothing, school uniform, school day trips, toiletries, entertainment costs, and savings. It should also cover expenses such as heating and lighting. Your Blue Sky social worker will explain this in more detail, but to reassure you, you will receive a generous fee whilst fostering with Blue Sky.
All foster carers are classed as 'self-employed' by Her Majesty's Revenue and Customs (HMRC) department, so when you become a foster carer, one of your first jobs will be registering yourself as 'self-employed'.
Once you're registered, you are automatically registered for Class 2 National Insurance Contributions.
The HMRC holds regular 'webinars' to explain tax and NI contributions for foster carers, which are popular and useful. They are easy to understand and will explain everything very clearly. You can sign up for as many webinars as you wish, and there is a support service for any questions.
You can find out how much you could be paid as a foster carer by using our fostering allowance calculator.
Allowance calculatorIf you have debt, you are not necessarily disqualified to foster. This would be examined during the fostering assessment and approval process because each person's circumstance differs. Do not be worried that your debt will prevent you from becoming a foster carer. To learn more, get in touch with us for a completely private and informal chat.
Yes! There are several mortgage lenders that will allow you use your entire fostering income, and there are even specific mortgage lenders and products made only for foster carers.
Certainly, being a resident of affordable housing does not stop you from wishing to foster.
Typically, the foster allowance is determined by how many children or young people you are looking after.