You may also be entitled to national insurance credits, which count towards your state pension. QCR rates will now automatically increase each tax year.£250 to £450 per week (for 11 year olds and over).£200 to £375 per week (for under 11 year olds).The additional weekly tax relief per child will also increase –.Qualifying Care Relief fixed amount will rise from £10,000 to £18,140.This means that for lots of fostering families, there will be a reduction in their tax bill or no longer be required to pay tax at all. This is fantastic news for foster families. GET IN TOUCHĪll carers are self-employed so you are responsible for paying your own taxes, however, you will be eligible for some tax relief.Īs of April 2023 the tax relief rates will be increased and will continue to rise each year in line with inflation. But we always strive to pay our carers a competitive allowance, so do not let finances be the reason to stop you from fostering. It is important to note that the allowance given to you is to help cover the cost of the child as well as payment for your work. If you are fostering siblings, like lots of our families do, this can be in the region of £1,300 per week.Ī young person with complex needs, or unable to live alongside other children, may mean you can earn £630 per week. If you are fostering a parent and child, which is one of the most in-demand areas of fostering, you can expect to earn a minimum of £882 per week. This will equate to £23,360 a year as your basic allowance, although carers can earn more.Ī lot of our carers support more than one child, and some support children with additional needs, meaning they will be receiving more per week. There are a number of different factors which contribute to how much foster carers are paid per week.Īs a minimum, our fostering families receive £441 per week for one child on a standard fostering arrangement.
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