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Fostering Allowance Calculator

At Match Foster Care, we have specifically developed this fostering allowance calculator to help foster parents in the UK understand their fostering income. The calculator lets you see how much you could expect to receive in fostering allowances if you are planning to become a foster parent for a full year as a career.

Calculations are based on how many children you will be welcoming in your home and their age groups: 0 to 4, 5 to 10, 11 to 17.

Your fostering allowance can also vary depending on special needs, as in some cases, foster parents will receive a more significant allowance to enable them to better care for children with specific behaviours or requirements. Rest assured that Match Foster Care has a multidisciplinary team available at all times for support and guidance, with regular training programmes, meetings, and an in-house nurse to support you through your fostering journey.

Finance Calculator

Don’t worry, you will be able to go back and change these afterwards to see how your results could change.

Finance Calculator
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Match Foster Care FAQs

Frequently Asked Questions

Foster carers are entitled to payments in the form of fostering allowances. Once you qualify to be a foster parent in the UK and receive a child in your care, you will be paid for your services. You don’t have to be available full-time to foster a child, as many foster carers work full-time and have some availability outside their jobs. We will discuss this as part of your assessment process.

As a rule of thumb, our foster carers at Match Foster Care receive their payments every two weeks as long as they are fostering a young person in their homes. The payment is made up of the fostering allowance, which is designed to alleviate the cost of caring for a child, and a reward payment as recognition of your services.

Your fostering income is subject to tax. However, foster parents receive a tax exemption of £10,000 applicable to their fostering income.

Further tax exemptions mean that, in some circumstances, you can earn over £30,000 tax-free from your fostering. Don‘t worry if this all sounds a bit complicated – Match provides personalised support in relation to your tax returns each year. We provide tax advice and guidance to our foster carers. Many pay only very little, if any, tax.

Providing foster care does mean you need to be available for the young person in your home. However, it doesn’t necessarily mean that you have to abandon your existing career. Many foster parents in the UK want to continue to work alongside their fostering assignments. As long as you can make yourself available when and where the child requires support, even at short notice, nothing prevents you from working part-time too. 

We work closely with you during the assessment process to understand whether you have sufficient availability. We do not need you to be available on a full-time basis. 

You can foster a child for a short period of time while their legal parent is unavailable, or you can have a foster child in care for several months or even years. For this reason, some foster carers choose to maintain their work to secure their income during periods when they don’t have a child in their care.  

How long a child will remain in foster care depends on a variety of circumstances. At Match Foster Care, we ensure we get to know your unique situation so we can provide the best foster care placement that will work for you and the child.