Fostering finances11/28/2023 ![]() ![]() Whether you foster for the local authority or an independent fostering agency like Fosterplus, you will receive a fostering allowance, which will vary in amount based on where you live, your experience, the ages of the children you care for and the types of foster placements you provide. The fostering allowance is split into two parts: an allowance payment to help you provide for a foster child in your care – including food, clothing, personal hygiene and activities – and a professional fee paid to you as a foster carer, to reward you for your hard work and dedication. If you’re thinking of becoming a foster parent, it is likely that money is not the reason behind your career choice, however it is important to know that you will receive regular payments when caring for children. Many people do not realise that foster parents are paid an allowance for fostering. While money isn’t always at the top of a foster family’s considerations, it is important that we can provide guidance and support to enable our foster parents to provide that life-changing care, and reassure prospective foster parents that fostering – and making a crucial difference to a child – is undeniably possible, while up against cost of living restraints, with the right support behind you. ![]() ![]() We are passionate at Fosterplus about changing lives and helping children feel safe and secure – and we strive to provide loving homes to the many children and young people across the UK who are in need. With the goal of changing a child’s life at the very centre of all our priorities, money should never be a barrier to fostering and helping a child have the life that they deserve. It is no secret that today’s financial climate has put a strain on most families, and many foster parents have felt exceptional pressure in pursuing and maintaining their crucial role of caring for vulnerable children. The main reason people decide to start fostering is to make a difference to children and young people, however many find challenges when it comes to finances and being able to afford to make that difference. ![]()
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