Rewards & Benefits

When you join Compass Fostering, you become part of a welcoming, supportive community of professionals. From the minute you make contact, our experienced team will listen to you and support you and your family every step of the way.

rewards

Our foster carers benefit from:

  • A realistic package of financial support that values and recognises your skills.
  • Frequent visits from our highly experienced and caring Supervising Social Workers.
  • On-going training and development, including the opportunity to access outstanding specialist training and gain professional expertise.
  • 24/7 support from local staff who get to know you, your family and the young people you are looking after.
  • Being part of our friendly, local, supportive network which meets regularly to share information and learn from each other.
  • Expert advice and guidance on all fostering related matters.
  • Membership of Foster Talk providing additional information, support and benefits.
  • An active participation group for all children associated with Families Fostering offering activities and exciting days out throughout the year.

“Fostering is about wanting the best for every young person that comes through your door….. It’s about being a good parent and providing them with all the opportunities you can.”

“My foster carers treat me like one of their own. They always listen to me if I have a problem.”

“I have found the support from Compass Fostering very good. To be able to call someone any time of day is very important to me.”

“Fostering affects us all as a family – in a good way. I feel that we are making a real difference for young people.”

“I think I’ve been really lucky because my foster carers encourage me to do lots of music and sport. I don’t think I would have done all these things without them.”

If you foster, you’ll be eligible for National Insurance credits, which counts towards your State Pension. Payment varies for each placement depending on the needs of the child, age and whether they’re part of a sibling group. The examples below will give you an idea of how this works and the typical amounts available.

Payments

Payment varies for each placement depending on the needs of the child, age and whether they’re part of a sibling group. The examples below will give you an idea of how this works and the typical amounts available.

Tax Relief

Tax relief is also available for foster carers, the qualifying amount is based on the initial £10,000. Following that the rate is £200 per week, per placement aged under 11, and £250 per week, per placement for children over 11.
Find out more about how this would work for you at: HMRC

All examples are for illustrative purposes only and are based on a 52 week placement.

Allowance examples

A Carer has a 14 year old boy in placement – the foster carers receive £380 per week for the length of the placement.

Over 52 weeks of the year = £19,760.00
Tax relief: £10,000 + £250 x 52 x 1 = £23,000

A Carer has a sibling group of three who are 2, 5 and 12 years old – as a sibling group their foster carers receive £977.82 per week for the length of the placement.

Over 52 weeks of the year = £50,546.64
Tax relief: £10,000 + £250 x 52 x 1 + £200 x 52 x 2 = £43,800
Therefore £6,746.64 is taxable

A Carer has a 14 year old boy in placement who exhibits problematic sexualised behaviour. In addition to additional training and support the foster carers received £760 per week for the length of the placement.

Over 52 weeks of the year = £39,520.00
Tax relief: £10,000 + £250 x 52 = £23,000
Therefore only £16,520 is taxable