Most people have the misconception that foster parents are caring and compassionate and that they foster children only out of the goodness of their hearts. They are often quite shocked to find out that many foster parents enter into fostering as a career rather than just providing good care for children who have little to no prospects.
This does however not mean that these foster parents are in it just for the money. A nurturing and compassionate nature is integral to the ability to foster children. Of course there is always the exception to the rule especially when taking into consideration the benefits of fostering children.
These benefits are however in place in order to provide better quality child care though the foster system to ensure better future prospects for the children. In order to provide the best care, it is essential to ensure that the foster parents benefit from the fostering relationship.
Some of the benefits of becoming a foster parent include:
Foster parents are paid per child that they foster. The amount that they are paid depends largely on the age and needs of the child. This payment is to ensure that the child’s basic needs are met, that they are educated and that they are being housed in a safe and secure home.
The level of the foster parent within the system will also affect their payment for fostering children. The higher the level, the greater the pay that they will receive. This is the reason that foster parents often see fostering as a career path rather than simply providing care for children in need.
2. Income Tax
Payment for fostering is considered to be an income and is therefore subject to income tax. However, there are certain instances when the amount is entirely exempt from tax or where discounts may apply. Exemptions normally depend on the amount of children being fostered by one foster parent. Discounts largely depend on the amount being earned by the foster parent relative to how many children are in the home. Discounts are also applicable to children with special needs or who are disabled where the cost of care is higher than it would normally be.
3. Emotional Rewards
Most foster parents do not get into fostering only for the financial rewards but rather for the emotional rewards that fostering provides. Providing a home for a child who has nowhere else to go and a stable, safe and loving environment where the child can grow and learn is often far more rewarding than receiving payment for the care of the child. Fostering in Bradford also presents many challenges that keeps the job interesting and demanding.
4. Fostering Options
There are a wide range of fostering options available and arrangements are normally made according to what will suit the foster parent and the child. Both long and short-term options are available and foster parents can have a preference for gender, age and other factors that may influence the caring arrangement. However, children with special needs, of different cultures or who have other problems are in greater need of fostering.