Finance for foster and kinship carers

Fostering Allowance

Foster carers receive a weekly allowance from the Council during the period when they have a child placed with them. The weekly allowances paid by the Council for the 2015/16 financial year are as follows:

Element

Child Aged 0-10 Years

Child Aged 11-18 Years

Foster Carer Fee

£76.48

£87.42

Allowance for the Child

£196.71

£240.40

Total Amount Paid

£273.19

£327.82

 

Foster carers are required to declare their allowances to Her Majesty’s Revenue and Customs in order to calculate the amount of income tax they may have to pay.

Kinship Allowance

Kinship carers who have been formally assessed and approved by the Council receive a weekly allowance from the Council during the period when they have a child placed with them. From the 1st of October 2015, the weekly amount paid to Kinship carers will be equal to the allowances shown in the table below less an amount equal to the value of any child related benefits, such as Child Benefit or Child Tax Credit, paid to the Kinship carer.

Element

Child Aged 0-10 Years

Child Aged 11-18 Years

Allowance for the Child

£196.71

£240.40

 

Like Foster carers, Kinship carers are required to declare their allowances to Her Majesty’s Revenue and Customs in order to calculate the amount of income tax they may have to pay.