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.

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:. Assessable income When assessing your contribution we take into account most welfare benefits including:. We also take into account other types of income when assessing a contribution, for example occupational pensions. 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. When working out your contribution we make allowances for personal expenses allowances residential care and a guaranteed minimum income amount non-residential care. 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.

If you choose to have a managed account, the Council will pay the direct payment funds into the managed account instead of setting up a prepaid card account. We also take into account other types of income when assessing a contribution, for example occupational pensions, 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.

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.

Prepaid financial services barnet

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.

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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. Before you complete a financial assessment you will need to apply to Social Care Direct to have a care needs assessment. We had put in place a range of mitigations so the impact of this on users of our prepaid cards has been minimal. If you decide to use a care agency, we recommend that you carry out research around their suitability. Modal headline Close. 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. How much you contribute towards the cost of your support will depend on your income and the savings you have. For residential care: See the care home pages. The invoice provides information about the ways you can pay. 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. The money will be into a prepaid account every 4 weeks which the council will set up on your behalf. 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. Deactivate Piano meter debugger. In March , council chiefs decided to switch to a new provider — but the transition is not yet complete. Direct payments.

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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. If you disagree We'll always explain how we have worked out your contribution. Those ads you do see are predominantly from local businesses promoting local services. You can download and complete a financial declaration form PDF KB to assess your contribution and return it to us:. The invoice provides information about the ways you can pay. More than people are expected to benefit from a new social care payment system being launched by Barnet Council. If you decide to use a care agency, we recommend that you carry out research around their suitability. Before you complete a financial assessment you will need to apply to Social Care Direct to have a care needs assessment. Direct payments. You should also note that your prepaid card cannot be used to withdraw cash. 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. Comments: Our rules 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. For non-residential care We take into account assessable income and: Attendance allowance Disability Living Allowance care Personal Independence Payments daily living 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. Find out more about support for carers. 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.