Fostering Financial Support
That Helps You Focus On What Truly Matters
Fostering changes lives, but it also comes with practical day to day costs. Our allowances are designed to help you meet these needs confidently, so you can focus on giving a child safety, routine and a caring home.
At the same time, we’re clear about one thing: fostering should never be driven by finances. People choose to foster because they want to make a difference. The financial support simply ensures that money isn’t a barrier to providing the right care.
Foster carer allowances vary depending on your experience, the needs of the child, and the type of placement. Every situation is different, which is why allowances are tailored to each carer and each child.
As a guide:
These fostering payments help cover the everyday costs of caring — from food and clothing to school activities and family routines — and ensure you can provide the stability a child deserves.
The Ampofos:
An Example Family
The Ampofo family have been fostering with Banya for around two years. They currently care for two siblings aged 3 and 6. Their weekly fostering allowance helps cover essentials like food, clothing, increased household bills, school activities, and the small but important things that help the children feel settled, such as family outings.
For the Ampofos, the allowance isn’t an incentive; it’s practical support that helps them provide a safe and nurturing environment.
| Person | Age | Daily carer rate | Weekly carer rate | Weekly child savings held |
|---|---|---|---|---|
| Child A | 3 | £66.30 | £464.10 | £10.50 |
| Child B | 6 | £70.80 | £495.60 | £10.50 |
Summary:
Gross per week £959.70
Savings per week £21.00
Net per week £938.70
Respite (4%) £38.39 per week
If you’re wondering what your own fostering allowance might look like, our calculator gives you a quick, personalised estimate. It only takes a moment, and there’s no obligation to proceed.
How many children are you considering fostering?
You could receive a weekly payment of: *
*This figure includes 4% respite payment, payable monthly or annually. Savings which are placed into a designated savings account for the child or young person have already been deducted from this final figure.
Please note: the estimate provided is based on standard placements and may vary depending on individual circumstances and the specific needs of the children placed in your care.
These figures give you a glimpse of the support available, but every fostering journey is unique. Fostering is a big step, so if you’d like to see how these allowances would work for your specific family circumstances, or just want a friendly chat about how it all works, we’re here to help. Leave us your details and one of our friendly team will be in touch.