nominated person financial assessment

hello007007

Hi,

I am due to have a financial assessment. I am my childs nominated person for PIP so his money is paid into a joint savings account and I transfer money to his sole accounts when he needs it or pay for things he needs like driving lessons, through my account and reimburse myself. I only use his money for him and I am saving as much of it as possible as him wants to go to university.

Will this joint account be considered apart of MY financial assessment and will it be counted as my savings when its my childs money- not mine, I'm only on the account as I'm his nominated person and I help him.

Thanks

poppy12345

You really should have separate bank accounts for this very reason, even savings accounts. All you can do is tell them that you are his apppointee.

hello007007

It is.

poppy12345 said:

You really should have separate bank accounts for this very reason, even savings accounts. All you can do is tell them that you are his apppointee.

The savings account only has my son's PIP money coming in and it leaves the account for his needs only. I dont use it for anything else, just my son's needs.

poppy12345

Then you need to tell them this, although i still recommend that you help your son open a savings account in his name and then it saves all of these sort of issues.