Disposable Income Allowance Sample Clauses

Disposable Income Allowance. The weekly amount of income the Council can leave the person with as provided in the Regulations related to deferred payments made under the Care Xxx 0000 and anything above this may be taken into account by the Council in determining charges.
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Disposable Income Allowance. At the time of entering into this Agreement the Disposable Income Allowance as set by the Care and Support (Deferred Payment) Regulations 2014 is a maximum amount of £144.00 per week. You may retain any value up to this maximum rate. You have opted to retain an amount of 0.00 per week.
Sample 1
Disposable Income Allowance. You have a right to keep a proportion of your income. The ‘Disposable Income Allowance’ is a fixed amount of up to £144 a week of your income, which you can keep to pay for ongoing house insurance, property maintenance costs and to cover your weekly spending needs. If you prefer, you may choose to keep less of your income than the maximum £144 a week so that you can contribute more to the cost of your care from your income. This would mean that you could reduce the amount of your deferred payment and, as a result, reduce the amount of the interest you have to pay. During your financial assessment we will ask you how much of your weekly income (up to a maximum of £144) you want to keep. You cannot use the Disposable Income Allowance to: l top up the overall cost of the weekly care home fee; or l pay for services which the care home should normally include as part of its care package to residents. Your savings and investments must remain below the £23,250 limit in order for the deferred payment agreement to continue. If your savings and investments increase above this level you can take either or both of the following actions to reduce the amount. l Pay a lump sum off your deferred payment agreement account l Increase your weekly contribution towards your care from your income by asking for a reduced Disposable Income Allowance What will I need to do to enter into a deferred payment agreement? You will need to do the following. l Make sure your home is registered with the Land Registry. If it isn’t, you must arrange and pay for it to be registered. l If another person or a company has an interest in your home, you will need to get their written permission before you can enter into a deferred payment agreement. l Have a responsible person who is able to make sure that any necessary maintenance is carried out on your home (you will continue to pay for maintenance from your Disposable Income Allowance). l Continue to insure your home at your own expense and give us evidence that there is appropriate insurance in place. l Pay your own contributions to your care costs on time. If your home cannot be insured for any reason, you will not be able to enter into a deferred payment agreement. Charges for deferred payment agreements We will charge fees to arrange and manage a deferred payment agreement. The fees are simply to cover our costs and not to make a profit. They will meet the costs of legal fees, property valuation, Land Registry fees and administrative costs.
Sample 1
Disposable Income Allowance. Under the Deferred Payment Scheme you are permitted to retain up to £144.00 of your income per week (where your weekly income equals or exceeds this amount). Please note that this amount is inclusive of the statutory personal allowance rate set by the department of health of £24.90 per week. You may decide that you do not require the full £144.00 per week and would prefer to set your own weekly allowance. (Not exceeding £144.00) Please choose one of the following options: 🞎 I would like to retain £144.00 allowance per week 🞎 I would like to retain the governments’ standard weekly allowance 🞎 I would like to retain another weekly amount (Please specify amount) £……………………………………………………………………………….. Please be advised that the more of the disposable income allowance that you choose to retain will increase the amount you defer per week. RENTAL INCOME (If applicable) Under the Deferred Payment Scheme you are permitted to retain up to 20% of any weekly rental income generated. Please choose one of the following options: 🞎 I would like to retain 20% of the weekly rental income 🞎 I would like to retain 0% of the weekly rental income 🞎 I would like to retain the % below (Please state the percentage you would like to keep – not exceeding 20%) ……………%
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Related to Disposable Income Allowance

  • Vehicle Allowance (a) Vehicle allowance for all kilometres travelled on the Employer’s business shall be paid to employees who are required to use their own vehicles in the performance of their duties.

  • CAR ALLOWANCE The Company shall provide the Executive an automobile allowance of $750 per month during the term of Executive’s employment hereunder.

  • Gross Income Allocation If any Partner has a deficit Capital Account at the end of any Fiscal Year which is in excess of the sum of (i) the amount such Partner is obligated to restore, if any, pursuant to any provision of this Agreement, and (ii) the amount such Partner is deemed to be obligated to restore pursuant to the penultimate sentences of Treasury Regulations Section 1.704-2(g)(1) and 1.704-2(i)(5), each such Partner shall be specially allocated items of Partnership income and gain in the amount of such excess as quickly as possible; provided that an allocation pursuant to this Section 5.05(c) shall be made only if and to the extent that a Partner would have a deficit Capital Account in excess of such sum after all other allocations provided for in this Article V have been tentatively made as if Section 5.05(b) and this Section 5.05(c) were not in this Agreement.

  • Footwear Allowance The Company will reimburse full-time employees up to fifty ($50.00) dollars per year toward the cost of footwear upon presentation of a receipt. Eligible employees will receive reimbursement for footwear upon completion of six (6) months' service. Once employees have received the footwear allowance, they must wear such footwear during work hours.

  • Mileage Allowance The state agrees to seek continued funding to provide for the payment of a mileage allowance for the use of privately owned vehicles for official travel at the rate provided in section 112.061(7)(d)1., F.S.

  • Vehicle Allowances Vehicle allowances for all distances traveled on Employer business shall be paid to employees required to use their own vehicles in the performance of their duties. The allowance shall cover distance to and from the employee's place of residence up to a total maximum of thirty-two (32) kilometers, only when the employee is required to have his vehicle at work for use in the performance of his duties. The vehicle allowance shall be thirty-eight (38) cents per kilometer. Ownership of a vehicle will not be considered a condition of employment.

  • TIME ALLOWANCE 5.01 (a) An employee having a grievance or complaint, or a potential grievance or complaint, may confer with his Union Xxxxxxx or with Management during his scheduled working hours, and

  • Aid Allowance An employee who has been appointed by the Employer and trained to render first aid and who is the current holder of appropriate first aid qualifications such as a certificate from the St. Xxxx's Ambulance or similar body shall be paid weekly an allowance as detailed in Appendix A. The Employer will always appoint the appropriate number of First Aid Officers as required by relevant legislation and Code of Practice.

  • Per Diem Allowance A per diem allowance of seven dollars and thirty-five cents ($7.35) may be claimed for each twenty-four (24) hour period while away from home.

  • Cash Allowances (a) The Guaranteed Price includes cash allowances as set out in the Specifications which shall be expended as Owner directs through the Consultant by a Cash Allowance Disbursement Authorization.

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