Prepaid financial services barnet

More than people are expected to benefit from a new social care payment system being launched by Barnet Council. On Friday the council launched a system of prepaid cards to give adults requiring social care control over how they pay for their support, prepaid financial services barnet. The prepaid cards, which work in a similar way to a debit card, allow people who qualify for financial assistance from the council to pay for services to meet their social care needs. Once their Personal Budget for social care support has prepaid financial services barnet agreed, users can ask the council to arrange a prepaid card for them.

How much you contribute towards the cost of your support will depend on your income and the savings you have. We'll ask you to complete a financial assessment to work out your contribution. There are some services that you will always have to pay for. These services such as respite care do not form part of a personal budget and so are not subject to a financial assessment. Before you complete a financial assessment you will need to apply to Social Care Direct to have a care needs assessment.

Prepaid financial services barnet

Direct Payments is a sum of money paid to a person by the council to pay for their unmet care and support needs. The purpose is to give people more choice, greater flexibility, and more control over the support they receive. You can receive direct payments if you are aged 16 or over and assessed as having unmet care and support needs. People caring for someone carers who have unmet care and support needs may also be entitled to a direct payment in their own right. Find out more about support for carers. A person or their authorised person must be able to agree to having a direct payment and also have the capacity to manage one themselves, with whatever support they are able to access. You can nominate a person to act of your behalf. An adults assessment is needed to see if you have unmet care and support needs and are entitled to receive a direct payment. If you are assessed as having unmet care and support need you may choose to receive a direct payment for you to arrange your own care and support or you can choose to have it managed by the council. You can also choose a combination of these options. For example, the council could arrange some of your care but send you the rest of the money by direct payment to meet your unmet needs outlined in your care and support plan. The amount you receive will depend on what care and support you have had been assessed as needing.

You can receive direct payments if you are aged 16 or over and assessed as having unmet care and support needs.

Residents using pre-paid cards for council services lost access their accounts on June 26 after the Financial Conduct Authority FCA temporarily banned Wirecard from carrying on regulated activities. The firm has since filed for insolvency. Barnet Council has used Wirecard since for some adults and family social services payments. In March , council chiefs decided to switch to a new provider — but the transition is not yet complete. When the decision to switch provider was made, services users were using the pre-paid card. We had put in place a range of mitigations so the impact of this on users of our prepaid cards has been minimal.

Call for a free initial financial planning initial consultation. Simon Prestcote specialises in helping private customers with pension and retirement planning, investment planning, and estate planning. Simon became a Chartered Wealth Manager in January Source: CISI website. Our North London adviser, Simon Prestcote offers wealth management advice, so you maximise your high-earning years. If you have surplus income available to invest, Simon will explain your financial options and show through cashflow planning how you can save tax efficiently. We offer financial advice, so you achieve your life goals.

Prepaid financial services barnet

More than people are expected to benefit from a new social care payment system being launched by Barnet Council. On Friday the council launched a system of prepaid cards to give adults requiring social care control over how they pay for their support. The prepaid cards, which work in a similar way to a debit card, allow people who qualify for financial assistance from the council to pay for services to meet their social care needs. Once their Personal Budget for social care support has been agreed, users can ask the council to arrange a prepaid card for them. The council hopes the card will make it simpler for people to take control of their social care budget by giving them a straightforward means of paying for the support which is right for them, without having to provide proof of payment as was previously the case.

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Expenses and outgoings In addition to the Guaranteed Minimum Income amounts we also make allowances for outgoings and expenses including: Housing costs including rent after housing benefit , mortgage payments, council tax after council tax support , building insurance; Disability related expenses, these are the additional costs you have to pay for because of your disability or ill health. Residents using pre-paid cards for council services lost access their accounts on June 26 after the Financial Conduct Authority FCA temporarily banned Wirecard from carrying on regulated activities. You can receive direct payments if you are aged 16 or over and assessed as having unmet care and support needs. This is to ensure the money is spent on outcomes outlined in your Care and Support plan. We want our comments to be a lively and valuable part of our community - a place where readers can debate and engage with the most important local issues. We will ask for evidence of the personal assistant carer right to work in the UK and verification of their employment status. The invoice provides information about the ways you can pay. Read the rules here. The amount that is allowed as your Guaranteed Minimum Income amount varies depending on your age and the benefits you receive. If you are assessed as having unmet care and support need you may choose to receive a direct payment for you to arrange your own care and support or you can choose to have it managed by the council. Deactivate Piano meter debugger. The Guaranteed Minimum Income levels ensure that you have a protected level of income to meet the everyday living costs such as food, clothing and utility bills.

The Four Courts. The High Court has appointed joint provisional liquidators to a firm that issues prepaid cards allowing customers to buy goods and services throughout the EU. The High Court has appointed joint provisional liquidators to a firm that issues prepaid cards allowing customers to buy goods and services throughout the European Union.

If you have been assessed to pay a contribution, it will be deducted from your Direct Payments. When a direct payment budget has been approved, you will be contacted by the Direct Payments Team to provide guidance on managing your direct payment. The quickest and easiest way to complete a financial assessment is to use our online form. As part of the financial assessment, you will need to send us evidence of your income, savings and outgoings, as set out in the form. We'll always explain how we have worked out your contribution. Deactivate Piano meter debugger. The amount that is allowed as your Guaranteed Minimum Income amount varies depending on your age and the benefits you receive. Submit Cancel. How we collect your contributions You will receive an invoice for the amount you have been assessed to pay. How much you contribute towards the cost of your support will depend on your income and the savings you have. You will still be able to set up Direct Debits or Standing Orders and carry out payment transfers.