Fund Management is our fully inclusive, highest level of Direct Payment support, giving you access to our full employment support package. This service is ideal for those clients who perhaps struggle with managing their Direct Payment and may wish to pass the responsibility for this to someone else but do not meet the requirements for an Appointeeship.
BBPS is ideally placed to take on this responsibility. We have over 10 years’ experience working with Direct Payments and our friendly team will be happy to assist with any queries you may have. Included with this package is complete budget management taking the financial stress away from the client allowing them to get on with the business of enjoying an independent and fulfilling life.
All relevant documentation will be processed and your financial obligations to your PA, HMRC and pension provider will be fulfilled by us, along with assisting you in meeting your legal obligations as an employer ensuring that you are fully compliant.
We can also assist with vacancy advertising and the provision of a safe interview space, away from your home. For a comprehensive list of what is included please see Service Level 5 in our Account Type Information page.
An account manager will be allocated to your account providing a single point of contact. They will ensure that your funds are used in the correct way, that your payments to PA’s, HMRC etc are made on time and that you remain within your allocated budget.
The system will also provide a clear audit trail on funds. You will have an Individual Transaction Report (ITR). This can be accessed through our secure website portal, 24/7, reflecting a real-time status of your account.
As we work directly with the Local Authority (LA) there would be no requirements to send bank statements and invoices every 3 months for audit monitoring. Any unused funds will be returned to the LA removing the worry & stress of financial requests and deadlines.
This system offers protection for both the Service User and the Local Authority whilst eliminating the opportunity for fraudulent use of funds.
We can manage and maintain client funds in a secure manner in order to relieve pressure from the service user.
SERVICE LEVEL 1
Ensure that your Care Agency invoices are managed and paid for, in a timely manner, by using this support service.
SERVICE LEVEL 2
The lowest level of payroll support, giving the client full control of their budget with minimal support. BBPS will make all the calculations and send all the payroll documents, but it is your responsibility to pay the wage to your PA and liabilities to HMRC.
SERVICE LEVEL 3
With our level 3 support service is a split service where we will process all documentation, and upon receipt of funds will pay your NEST & HMRC liabilities. You are responsible for paying your PA.
SERVICE LEVEL 4
With our level 4 support service we will process all documentation, and upon receipt of funds from yourself will pay your PA, NEST & HMRC liabilities. The client is still in control of their funds.
SERVICE LEVEL 5
Our fully inclusive highest level of support, giving you access to our full employment support service. Included is complete budget management by ourselves, along with assistance with vacancy advertising and the provision of safe interview space, away from your home.
At BBPS, we offer our clients additional services, with the development of our members’ area.
Please click on the following link and complete the registration form to access our AE Advisory Service, PA Register and Vacancy Advertiser.
Please click on the following link and complete the registration form in order to gain access to our active job vacancies.