Deferred Payment Agreement Example

Under Section 35 of the Act, the local authority has the power to offer persons living in supported residences (formal schemes) a deferred payment agreement if: a universal payment deferral system has been established in accordance with Section 34 of the Care Act. A payment deferral system allows the submitter to delay some or all of their payments to the local authority for the care and support services they receive. This gives them time to look into their situation and consider their options without having to rush their home. Some people make an agreement on deferred payment until their death, but others use it as a “bridge loan,” while deciding what`s best to do and exploring the options available to cover the costs of care (for example, they can arrange for the release of another asset to cover costs). It`s up to them how long a person has a payment deferral agreement…

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