Money Box - Foster Carer Finances

Before you have children, it’s important to think about the finances.

And that’s just as true for anyone considering becoming a foster carer.

So, what are the allowances, fees, rewards and tax implications for those who welcome and care for a child in their home?

Felicity Hannah talks to foster carers Bryony, Walt, Dot, Phil and Jane about why they foster and their experience of the finances of fostering.

They are joined by an expert panel:
Vicki Swain, Head of Policy and Campaigns at the charity The Fostering Network
Harvey Gallagher, Chief Executive of the Nationwide Association of Fostering Providers
And Suzanne Griffiths, the director of Foster Wales, which is the national network of 22 Welsh Local Authority fostering services

For more information about fostering, including the finances of looking after children, you can access the following:
https://fosterwales.gov.wales/
https://www.nafp.org.uk/
https://www.thefosteringnetwork.org.uk/

And you can listen to an earlier edition of Money Box Live about Carer Leaver finances here:
https://www.bbc.co.uk/sounds/play/m00139km

Producer Smita Patel
Editor Emma Rippon

Published on Wednesday, 2nd February 2022.

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