Prepaid financial services barnet

How prepaid financial services barnet 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.

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.

Prepaid financial services barnet

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. The new contract is now also ready for family services to use, though the project has been paused during the Covid lockdown. 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. The ability to comment on our stories is a privilege, not a right, however, and that privilege may be withdrawn if it is abused or misused. Please report any comments that break our rules. Those ads you do see are predominantly from local businesses promoting local services. These adverts enable local businesses to get in front of their target audience — the local community.

If you choose to receive your Personal Budget as a direct payment into your bank account to arrange your prepaid financial services barnet care, we will deduct your assessed contribution directly from the payment that we send to you.

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. Up until now people receiving direct payments have had to open a separate bank account to receive the money and pay for their care. The new cards will allow people to personalise their support without the administrative responsibilities that go along with having a separate bank account for receiving social care funding.

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. PCSIL, which is not currently insolvent, brought the winding-up petition before the court because its business model is no longer commercially viable or sustainable, is loss-making and is bound to fail in the coming months. Mr Justice Sanfey noted that, despite its current position, the company expects to be in a position to pay all of its debts to creditors. Kelley Smith SC, with John Lavelle, the company, told the court that unusually in a winding-up application, the company is currently solvent.

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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We'll ask you to complete a financial assessment to work out your contribution. For further information about the income that is taken into account when assessing a contribution, please contact the Financial Assessment Team on: Telephone: Email: financial. 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. Once their Personal Budget for social care support has been agreed, users can ask the council to arrange a prepaid card for them. We'll always explain how we have worked out your contribution. Payments such as personal assistant PA wages and HMRC or agency invoices are made on your behalf by the payroll provider You will still have full control over your direct payments and will be responsible for the appropriate use of your funds. You must provide the Direct Payments Team with the following paperwork on request in order to reconcile the account. We had put in place a range of mitigations so the impact of this on users of our prepaid cards has been minimal. Find out more about financial assessments The financial assessment form must be completed before a Direct Payment can start. The money will be into a prepaid account every 4 weeks which the council will set up on your behalf. How we collect your contributions You will receive an invoice for the amount you have been assessed to pay. These services such as respite care do not form part of a personal budget and so are not subject to a financial assessment. Assessable income When assessing your contribution we take into account most welfare benefits including:. Complete an online financial assessment. You will still be able to set up Direct Debits or Standing Orders and carry out payment transfers.

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

Modal headline Close. You can choose for a third-party payroll agency to help you with managing the financial element of the direct payment. These adverts enable local businesses to get in front of their target audience — the local community. Assessable income When assessing your contribution we take into account most welfare benefits including:. Care assessment An adults assessment is needed to see if you have unmet care and support needs and are entitled to receive a direct payment. We'll always explain how we have worked out your contribution. Barnet Council has used Wirecard since for some adults and family social services payments. The amount that is allowed as your Guaranteed Minimum Income amount varies depending on your age and the benefits you receive. You must provide the Direct Payments Team with the following paperwork on request in order to reconcile the account Copy of insurance certificate Copies of payslips or invoices Evidence that payments are being made to HMRC It is important that you provide the necessary information within the specified time otherwise the council may suspend or withdraw your direct payment and make alternative arrangements to meet your care and support needs. If you disagree with how we have worked this out, you have up to 20 days to contact us so that we can look into this. Monitoring of your direct payment The council will regularly monitor direct payment accounts.