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 & Benefits

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 Compass Fostering offering activities and exciting days out throughout the year.

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

EXAMPLE ONE

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

TOTAL ALLOWANCE AFTER TAX

£19,760

Over 52 weeks of the year = £19,760. Tax relief: £10,000 + £250 x 52 x 1 = £23,000.

EXAMPLE TWO

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

TOTAL ALLOWANCE AFTER TAX

£42,197

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.

EXAMPLE THREE

A carer has a 14 year old boy exhibiting problematic sexual behaviour. The carers received £760 per week for the length of the placement.

TOTAL ALLOWANCE AFTER TAX

£36,216

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