how much do you get paid fostering a child
Tax exemption. Thereâs a fixed tax exemption of up to Â£10,000 per year (less if for a shorter period) which is shared equally among any foster carers in the same household. This means you donât have to pay tax on the first Â£10,000 income (after expenses) you make from fostering.ax relief. On top of the Â£10,000 exemption, you also get tax relief for every week (or part week) that a child is in your care. This means you donât have to pay tax on some of your earnings over Â£10,000.