17th April, 2024
Did you know that every foster child is given money for savings?
Excel Fostering provides a monthly amount for foster carers to put into savings for each child in their care. It’s up to the foster carer to manage the savings account as the young person will not be able to access their money until their eighteenth birthday.
This is to support young people as they journey on into independence when they come of age.
It will be the responsibility of the foster carers to manage the savings account, this money is specifically for the young person and is paid in addition to foster carer fees.
As the foster carer you will be paid a fee based on the age of the child, their needs and the type of arrangement they are in plus an allowance to cover the everyday costs that come with looking after a child, household expenses, food, clothing etc. You can find out more detail about how much foster carers get paid on our fees page.
If you’ve got any questions or would like to find out more about fostering with Capstone, fill out the form below.
An experienced fostering advisor from your local area will then be in touch.
By signing up, you will receive our latest fostering stories every two months.
Start the conversation today. Our team of friendly advisors are on hand to answer any foster care questions you may have. We can offer you honest and practical advice that can help you decide if becoming a foster carer is the right path for you.
