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Fostering is a fantastic career and our parents deserve to be rewarded for their hard work. Thatâ€™s why we offer generous and competitive fostering allowances.
Our allowances take into account the demands of foster care and the significance of the role you play in a child or youthâ€™s life. They payments are designed to help you cover the cost of looking after the child in your care.
We donâ€™t just reward you financially though. At Key Assets we offer unrivalled levels of support and training to all of our foster parents.
You will receive a total of $77.25 per day while a foster child is in your care. This amount covers the childâ€™s expenses as well as the carerâ€™s allowance.
The fostering allowance takes into account the costs of living with a foster child. Some of these costs include:
You know the needs of the child placed with you best, so you will have some flexibility around how this allowance is spent on the foster child each week. It is however, mandatory that you establish a savings account for the foster child and make ongoing payments to this.
No, you will not be taxed on this amount.