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Deferred Payment Agreement Application Form

If your partner, dependent child, parent over 60 or someone who is sick or disabled still lives in your home, that is not part of your estate. So you don`t need to use the property that is attached to your home for care and you don`t need a deferred payment contract. Deferred payment agreements will be consistent with the circumstances of some people, but not all. You may be eligible for a deferred payment contract if: you can pay the fees and interest if they are charged, or you can add them to the deferred amount. All royalties collected reflect only the actual costs we have incurred in making the system available. There are fees and fees associated with deferred payment agreements. In Scotland, there is no interest charge as long as you have the deferred payment contract. Interest is only collected if the contract is terminated by the person or from 56 days after death. Interest should then be collected at a “reasonable rate” set by the local authority.

A deferred payment contract has no influence on how your income and savings are assessed to see how much you should pay for your care. Read our frequently asked questions about deferral of payment (PDF, 45KB) for more information. Funding for basic care varies from country to country. Paying the home fees is complex and depends on many things that are unique to you. Your municipality may (but should not) charge interest on deferred payments to cover the costs. Complete the payment deadline application form (Word, 26KB). Only in England, if you have a deferred payment contract, must your local authority take into account the cost of receiving your home when deciding how much you must pay for your care costs. A deferred payment contract allows you to use the value of your home to pay for care in a foster home or an additional care home. You can also compare with a deferred payment contract with the alternative, z.B. Sell your home and put the product into a savings account.

In Northern Ireland, there is no formal system for deferring payments. But it might still be available – ask your local care and social care company. We usually review requests for a deferred payment contract if you have: you sign a legal agreement stipulating that the money will be refunded if your home is sold. The implementation of a deferral of payment should not last more than 12 weeks. The value of your home is ignored for the first 12 weeks after moving into care. The agreement should therefore be ready for the time you start participating in the fees. If you move into a retirement home and most of your money is spent in your home, your local authority can offer you a deferred payment contract.

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