 any payments will be made. 8.5. The financial policy should be reviewed every year by the local authority and set out how the local authority as a ‘good corporate parent’ will assist the young person with financial support to achieve economic well-being and make a positive and successful transition to adulthood. 8.6. The financial policy, as an absolute minimum, must provide a leaving care maintenance allowance (equivalent to the prevailing Income Support/Jobseekers Allowance benefit rate) and the provision of a suitable and appropriate placement/accommodation or the financial means to secure the accommodation 76 (up to the young person’s 18th birthday). The policy should also be clear about the treatment of young people’s own funds, whether these come from employment, inheritance, Criminal Injuries Compensation Authority awards, or other sources. 8.7. Policies should be accessible and be easily understood by young people. Therefore, the policy should be published on the authority’s website and a copy of this policy should be given to all looked after children and care leavers. Local authorities should involve young people in developing ‘user friendly’ versions and formats. (1) General principles for developing financial capability and transparency Financial policies to support transition to adulthood 8.8. The financial policy should set out how the local authority will support young people to enhance their life chances and make a successful transition to adulthood and demonstrate the priorities of the local authority for the young people for whom it acts as a corporate parent. 8.9. Priorities will need to include: • Education, training and employment costs, such as extra tuition, travel costs, interview and work related expenses and general costs associated with impro