Expert Q&A: Rare dementias - Tues 3 March, 3-4pm
Our next expert Q&A will be on the topic of rare dementias. It will be hosted by Nikki and Seb from Rare Dementia Support. If you have any questions about rare dementias, they will be here to answer them on Tuesday 3 March between 3-4pm.
You can either post your question >here< or email them to us at email@example.com and we'll be happy to ask them on your behalf.
That's high for a bond for a level2A. As I have said, my husband is a 2A and our initial - and I stress, our only payment, was £80. It must be something to do with your deferred payment being a higher risk.I have to pay a Security Bond of £200.00 every year
Well, don't hold your breath! Your amount is double what my husband had to start with and, thanks to his self-funding of nursing home fees, he was already down to LA assistance level by the time of the first annual report. Yet he was still on Level2A. He still is - even though he is now down to the lower LA funding level! I am about to complete his second annual report and with this, I will send an enclosed letter asking for his level to be reduced. Even though he doesn't pay an annual Bond premium, he still pays the usual OPG annual overseeing fee. I think this is waived at level3.I am hoping to be put on Level 3 immediately.
That's high for a bond for a level2A. As I have said, my husband is a 2A and our initial - and I stress, our only payment, was £80. It must be something to do with your deferred payment being a higher risk.
I'd wait to find out JW - you will, soon enough. Incidentally,all savings are relevant.
p.s. I have only paid one premium which was at the time the Deputyship was granted - 2 years ago.Just in case you - or anyone else, thinks I am imagining things, the following is taken from my actual 'OPG Basic Bond Confirmation Certificate':-
"It is agreed - Items 1, 2, then -
3: The single premium due pursuant to clause 1 above is payable by me in full and I shall not be entitiled to any refund in the event of early termination of this Bond or because of any reduction in the amount of Security."
There, in black and white!
Within the last couple of years, they changed the annual supervision fee from a staggered one to a flat rate for all except, I believe, Level 3. I really don't know if the bond was altered in any way at the same time or not.I read they did change some rules in 2011 so as you say its 2 years since your security bond that does tally.
Just to clarify that - I meant any reference to the 'single payment' part - not to reference of the bond in general!The reference to the Bond being a single payment is actually on the Bond Certificate itself. It's the only place I've seen any reference to it at all.