Our informal money management services are for vulnerable adults who can choose to have support with managing their everyday finances and would benefit from having a helping hand to undertake these tasks.
This differs from our appointeeship plans, where clients have been assessed as unable to manage their welfare benefit responsibilities. For those clients, the Department of Work and Pensions (DWP) put Money Carer in place to formally take on the legal duties and liabilities of managing a person’s welfare benefit claims and income, undertake reporting duties and apply the Mental Capacity Act (2005) principles where appropriate.
Most clients we support via our informal money management plans wish to have the peace of mind of knowing that their bills are paid on time and that their money and bills are managed in a secure and organised manner which helps to promote independence.