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 prepaid financial services barnet 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.

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. 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 council will remotely monitor the usage of the prepaid cards each month, but is also able to carry out random spot-checks where necessary, and can even put a block on a card if it is not being used for its intended purpose. Before, with direct payments, I had to photocopy bank statements and invoices. 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.

The ability to comment prepaid financial services barnet our stories is a privilege, not a right, however, and that privilege may be withdrawn if it is abused or misused. If you have been assessed to pay a contribution, it will be deducted from your Direct Payments. 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.

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.

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.

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. Kelley Smith SC, with John Lavelle, the company, told the court that unusually in a winding-up application, the company is currently solvent. There was also a risk that key commercial counterparties, which account for a large part of its revenues, will cease trading with it in the coming year. Counsel said the company, which was acquired by EML in , requires substantial future investment in technology and operational efficiency. While significant capital investment was put into the company by its parent since , the EML group was not prepared to invest further. The court also heard the company has been authorised to operate as an electronic money institution by the Central Bank.

Msnbc live stream free - ustv247

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. More than people are expected to benefit from a new social care payment system being launched by Barnet Council. We'll always explain how we have worked out your contribution. We also take into account other types of income when assessing a contribution, for example occupational pensions. We then adjust depending on the personal expenses allowance residential care or the guaranteed minimum income amount non-residential care. You can upload the monitoring documents to the online prepaid card system or send them by email or post to the Direct Payments Team. The financial assessment form must be completed before a Direct Payment can start. Show more articles. We will ask you to complete a Direct Payments Agreement. 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.

Call for a free initial financial planning initial consultation.

In addition to the Guaranteed Minimum Income amounts we also make allowances for outgoings and expenses including:. Skip to:. This is a legal document that sets out the terms and conditions you will need to agree to when receiving a direct payment. 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. You should also note that your prepaid card cannot be used to withdraw cash. On Friday the council launched a system of prepaid cards to give adults requiring social care control over how they pay for their support. Show more articles. 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. Managed payroll account You can choose for a third-party payroll agency to help you with managing the financial element of the direct payment. 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 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. Assessable income When assessing your contribution we take into account most welfare benefits including:. Find out more about financial assessments. Barnet Council has used Wirecard since for some adults and family social services payments. Please ensure your prepaid card is only used to pay for goods and services agreed in your Care and Support Plan.