Foster carer finances can be complicated, which is why The Fostering Network produces a number of useful resources to help.

All foster carers receive a weekly fostering allowance which is to cover the cost of caring for a fostered child.

Foster carers are treated as self-employed for tax purposes and have a specific tax scheme called Qualifying Care Relief.

Foster carers are approved rather than employed by their fostering service, and this status has a particular effect on means tested benefits.