Fostering Payments & Fees With Compass
Fostering with Compass means you will benefit from generous foster care payments.
Get Your Digital BrochureFostering Payments & Fees
At Compass, we recognise that looking after a child or young person comes with a number of financial implications.
As a foster carer with us, you will benefit from weekly foster care payments that cover the daily living cost of your foster child and a professional fee for yourself.
Our fostering payments help to ease your financial concerns, freeing up time for you to focus on what you do best – transforming young people’s lives.
Take advantage of significant tax relief.
Earn on average £460 per week.
Receive payments every two weeks.
Enjoy additional income opportunities.
How Much Does Compass Fostering Pay?
So, how much does Compass Fostering pay our foster carers anyway? Well, when it comes to fostering, there is no set fostering allowance. The amount you receive will depend on a variety of factors, including how many children are under your care, the child’s individual needs, the type of fostering you can provide and your own individual skill set.
At Compass, we pay our foster carers an average of £370 per week for every child living in their home. However, because most of our carers support between one and two foster children, due to the foster care pay scale in the UK, the actual average weekly foster care payment is in excess of £460 with Compass.
Not only are these fees above national minimum rates, but they also come alongside high-quality training, a wide variety of reward schemes and benefits and 24/7 support that every one of our foster carers can enjoy.
Try Our Fostering Payment Calculator
Find out how much foster care pay you could receive by using our allowance calculator.
Try Our Calculator
Fostering Payments Post-Tax Examples
Faiza
Faiza fosters one child who is aged fourteen. With Compass, Faiza will receive £398 per week.
POST TAX EARNINGS OF
£24,600
Louise & Aadan
Louise and Aadan foster a sibling group of children, aged 2, 5 and 12. They receive £1,108 per week.
POST TAX EARNINGS OF
£67,400
Nigel & Jack
Nigel & Jack foster a 14-year-old child requiring a therapeutic package of care. They receive £576 per week.
POST TAX EARNINGS OF
£36,500
*illustrative example only, based upon standard tax payer.
What Do Our Foster Care Payments Cover?
We know that money isn’t often the main driving force behind fostering. However, it’s also important to acknowledge that fostering can be demanding at times. Though some of our carers balance part-time work with their fostering responsibilities without a problem, the majority of our foster parents choose to fully commit to their role and leave their previous employment behind.
That’s why we pay our foster carers a fair allowance on a regular basis. This covers the costs of looking after a child, as well as contributing to household expenses.
Your fostering payments will be comprised of:
- A living allowance for the child.
- A professional fee for yourself that rewards your hard work and dedication.
In any case, you will begin receiving your fostering payments when a child is placed under your care. We’ll pay your foster care payments every two weeks — directly into your bank account.
Earn up to £3,250 by referring a friend
We believe our foster carers know what it takes to provide outstanding care. That’s why applicants recommended by our foster carers are up to eight times more likely to become approved to foster. So why not get involved in our recruitment process? You could earn up to £3250 for every referral!
Find out more about referrals
Our Bridge Support Allowance
We understand the importance of a stable income – especially throughout the cost-of-living crisis. That’s why we are committed to supporting our carers every step of the way.
Our Bridge Support payments are available to every newly-approved foster carer who might have to wait a few weeks before taking a child into their care.
Learn more about our Bridge Support Payments.
We invest in high-quality training for our foster carers
On top of excellent foster care pay, we are proud to invest in the personal and professional development of all our foster carers.
We know that every child and young person is unique, with different life experiences and circumstances requiring bespoke arrangements. We also know that providing personalised care requires a range of skills and expertise.
As a carer with Compass, you’ll gain access to a wealth of training programmes led by industry professionals.
How much you do is entirely up to you, but we will always encourage our carers to continue their training and learning throughout their fostering career.
Learn more about our training
Learn More about Fostering with Compass
Compass Fostering works hard to be the fostering agency that’s here for you; we’re more informative, responsive and supportive. As a leading independent UK fostering agency, we are passionate about providing outstanding care to our children and helping young people to reach their potential.
Learn more about how to become a foster parent or request your digital brochure to start your fostering journey today.