For tax purposes Foster Carers are treated as self employed and are required to submit a Self Assessment tax return each year.

There is a specific tax scheme foster carers can use called qualifying care relief. The scheme calculates a tax threshold unique to the fostering household which determines if a foster carer has to pay any tax from their fostering.

Deductions from total care receipts include:

  • £10,000 per household.
  • An additional weekly amount per child/adult cared for.

We can prepare your Self Assessment Tax Returns call us on (020) 8367 7319