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Money & Benefits

City Connections | Health and wellbeing services in London's square mile

Managing someone else's money

If you and the person you are caring for believe you may need to help them manage their money or day to day banking in the future, it may be worth considering setting up Third Party Access or Lasting Power of Attorney. Both provide a way of giving a trusted person authority to manage a person’s banking and other financial affairs:

  • Third Party Access is where you give a trusted person (a nominee) access to your accounts so they can sort out all your day to day banking. This is set up at your bank and can be cancelled at any time.
  • Lasting Power of Attorney is a legal document where an individual can give another person (their attorney) the authority to make certain decisions on their behalf.

To make Disability related benefits or register a Power of Attorney, go to https://www.gov.uk/power-of-attorney