Prepaid financial services barnet

More than people are expected to benefit from a new social care payment system being launched by Barnet Council.

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.

Prepaid financial services barnet

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. The financial assessment is different if you are moving to a care home or if you are receiving non-residential care usually in your own home. The quickest and easiest way to complete a financial assessment is to use our online form. You can upload evidence from your computer, and save and resume the form later if you need to. Complete an online financial assessment. You can download and complete a financial declaration form PDF KB to assess your contribution and return it to us:.

You will still be able to set up Direct Debits or Standing Orders and carry out payment transfers. Read the rules here.

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. At retirement we model your cashflow, so you have enough income and capital to achieve your financial goals. We advise on taking a cash free lump sum and consider how to access your retirement income in the most tax efficient way, either through income drawdown or annuities.

Prepaid financial services barnet

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. The financial assessment is different if you are moving to a care home or if you are receiving non-residential care usually in your own home.

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The amount that is allowed as your Guaranteed Minimum Income amount varies depending on your age and the benefits you receive. We need to make sure that after assessing your contribution that you have enough money to live on to meet day to day living costs, this is called your Guaranteed Minimum Income. 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 money will be into a prepaid account every 4 weeks which the council will set up on your behalf. The amount that is left over after making these deductions is the amount that you will be asked to pay as your assessed contribution towards the costs of care. If you disagree We'll always explain how we have worked out your contribution. 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. 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. Direct payments are designed to be used however you need, as long as it meets eligible care and support needs identified in your care and support plan. Please report any comments that break our rules. Who can receive direct payments You can receive direct payments if you are aged 16 or over and assessed as having unmet care and support needs. In addition to the Guaranteed Minimum Income amounts we also make allowances for outgoings and expenses including:.

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.

This is to ensure the money is spent on outcomes outlined in your Care and Support plan. Submit Cancel. The financial assessment form must be completed before a Direct Payment can start. 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. 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. These adverts enable local businesses to get in front of their target audience — the local community. You can receive direct payments if you are aged 16 or over and assessed as having unmet care and support needs. How to get a direct payment We require two assessments to be completed in order to set up a direct payment. The financial assessment is different if you are moving to a care home or if you are receiving non-residential care usually in your own home. You can upload evidence from your computer, and save and resume the form later if you need to. It is important that we continue to promote these adverts as our local businesses need as much support as possible during these challenging times. Those ads you do see are predominantly from local businesses promoting local services.