Our Financial Calculator
We want to build a community of professional and highly skilled foster parents, so that every child has the best chance of achieving their full potential.
Welcome to the ACS Financial Calculator. Our foster parents are recognised for the hard work and dedication they give to the children in their care. We pay a generous fostering allowance that reflects your professional role in our team.
How long have you been fostering?
How many children are you caring for / do you plan on caring for?
What is the age range of these children?
Happy with your final answers?
Don’t worry, you will be able to go back and change these afterwards to see how your results could change
Most of our foster parents foster more than one teenager, which means the average fostering allowance our foster parents receive is £45,935 per year, tax free for children over 11 years old!
What does the fostering allowance cover?
The allowance is first and foremost to ensure you can care for a child and cover all of their expenses including food, clothing, actives, bills and transport. But the allowance also rewards you for your hard work.
And that’s not all, HMRC also reward foster parents too, so many foster parents pay little or no tax at all.
Other benefits available to you when you foster with ACS
We give our foster parents the choice between a twice yearly bonus or 14 days’ paid respite care each year. This is equivalent to the cost of a holiday. This means our foster parents can make the decision which is right for them as a family. Sometimes we all need a well earned break, in which case we’ll arange for another foster parent to look after your foster child whilst you take a break. However, if it’s best for you and the children you care for to take a family holiday together, our bonus can make this possible.
Great rewards and benefits for foster parents
Fostering and your finances. Find out more…
Tax & National Insurance
Find out how foster parents pay very low levels of tax, if any at all due to generous allowance provided by HMRC.
Fostering & claiming benefits
Fostering doesn’t affect means tested benefits as your fostering allowance isn’t classed as income in the same way as other work.
Want to know more?
Find out the answers here.
Are you ready to take your first step to becoming a foster parent?
Whether you’re ready to start your journey or just want to chat to an expert, we’re here to talk.
Enquiry
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