Foster Carer Finances

Published: Feb. 2, 2022, 5:26 p.m.

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Before you have children, it\\u2019s important to think about the finances.

And that\\u2019s 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: \\nVicki Swain, Head of Policy and Campaigns at the charity The Fostering Network \\nHarvey Gallagher, Chief Executive of the Nationwide Association of Fostering Providers \\nAnd 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:\\nhttps://fosterwales.gov.wales/\\n https://www.nafp.org.uk/\\nhttps://www.thefosteringnetwork.org.uk/

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

Producer Smita Patel \\nEditor Emma Rippon

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