Fostering allowance – as a foster carer you will receive a competitive fee, paid weekly, directly into your bank account.
Swiis Foster Care is one of the most generous and competitive agencies in the market. We pay our Foster Carers well because we recognise the great value that they bring to our service. Our carers receive substantial tax free foster care allowances and fees which maximise the amount that they receive.
How much is the fostering allowance?
The exact amount of fostering allowance offered to carers varies depending on the type of placement, age of the child and the child’s individual needs. Whatever the circumstances, the Swiis payments to our carers are amongst the most rewarding in the industry.
Foster carers are classed as self-employed and receive favourable treatment when it comes to paying tax on income from fostering. For further information about working out your taxable income and eligibility for claiming working tax credit, visit: hmrc.gov.uk
The HMRC have also created a dedicated Foster Care eLearning package which offers Foster Carers guidance, advice and practical tips relating to tax and National Insurance: hmrc.gov.uk