As a foster parent with Compass, 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 allowance helps to ease your financial worries, freeing up time for you to focus on what you do best – being a Life Changer.
Tax Relief
Take advantage of significant tax relief.
Competitive Fees
Earn between £430 and £800 per week (see more below).
Regular Payments
Weekly payments made to you every Friday.
Paid Respite
All carers are entitled to an annual respite allowance which will vary depending on the needs of the child in your care.
Further Payments and Benefits
Enjoy additional income opportunities and other benefits including Blue Light Care Membership.
How Much Do Foster Carers Get Paid?
So, how much does Compass Fostering pay? 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.
As a foster parent with Compass, you could expect to receive a weekly allowance of between £430 and £800 per child. The amount reflects the age and background of the children who come to live with you.
Not only are these fees significantly above national minimum rates, but they also come alongside high-quality training, a wide variety of reward schemes and benefits, paid respite and 24/7 support that every one of our foster carers can enjoy.
Allowance Examples
Fostering Allowance Post-Tax Examples
Here are a few illustrative examples* of how much money some of our foster carers earn after tax, which is dependent on various factors.
Faiza
Faiza fosters one child who is aged fourteen. With Compass, Faiza will receive £437.50 per week.
Post Tax Earnings Of
£22,813
*illustrative example only, based upon standard tax payer.
Louise & Aadan
Louise and Aadan foster a sibling group of children, aged 2, 5 and 12. They receive £1,260 per week.
Post Tax Earnings Of
£65,700
*illustrative example only, based upon standard tax payer.
Nigel & Jack
Nigel & Jack foster a 14-year-old child requiring a therapeutic package of care. They receive £626.50 per week.
Post Tax Earnings Of
£32,668
*illustrative example only, based upon standard tax payer.
allowance calculator
Discover how much fostering allowance you could receive
Our Fostering Allowance Calculator is there to give you a better picture of how much you could earn over the year. There are lots of factors that could influence how much you receive, from the type of placement to the region you live in.
What Do Our Foster Care Payments Cover?
We know that money isn’t often the main driving force behind fostering. While financial stability is crucial, the true reward lies in the positive impact on a child’s future. To see just how significant this impact is, we invite you to explore our latest guide, 40 Key Statistics on the Impact of Foster Care in Your Community.
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.
refer a friend
Earn up to £4,000 by referring a friend
Not only is this a great way to get more income while fostering, but applicants who are referred by another foster carer are eight times more likely to be approved.
Support Payments
While You Wait: Our Support Payments.
Our Support Payments provide foster carers with financial stability while they’re waiting for their first foster child.
Explore Further
Filters