If you are researching the adoption process, it’s likely that the subject of finance will have crossed your mind. This article serves to answer some of the most commonly asked questions in regards to finance and adoption.
Do you get paid for adopting a child?
Although in certain cases you may be eligible for an adoption allowance, this is subjective and depends on the needs of the child. One example of where you might be eligible is if a child has complex needs and requires specific support or equipment.
In the event that you should need extra financial support, a financial assessment will need to be carried out to determine if and how much adoption allowance you are eligible for. While most adoption agencies do offer an adoption allowance, the policies vary between each so for clarification it’s advisable to contact your local adoption agency.
Will I need a generous income to be accepted as an adopter?
Although we do not place restrictions in regards to annual income, it is important that you have sufficient funds to support and care for a child until they reach adulthood and beyond. While you will still be considered for adoption whether you work or not, your income and expenditure will be studied during the adoption process.
If you are claiming benefits, you will still be able to apply for adoption so long as you have the foresight and funds to take on the financial and parental responsibilities of a child.
Is there a charge for adoption assessment?
With UK adoption agencies, there is no charge for being assessed per se. However, some agencies will request for you to pay your medical checks, so if you have any doubts it is worth checking whether this is covered with the individual agency.
If an adoption application requires legal action, there is a one-off court fee which can often be covered by the local authority who are looking after the child at that time.
We hope this article has answered some of your frequently asked questions regarding finance and adoption. Adopt Wales are a group of adoption agencies located all across South Wales. To find your nearest adoption agency, visit the Contact Us section of the website today.