Six Month Review of the Lasting Power of Attorney Refund Scheme

Post by: Emma Van der Sluis 18/09/2018 0 comments 162 views

The Office of the Public Guardian (OPG) announced in February that a refund scheme has been opened for people that had been overcharged for making a Lasting Power of Attorney or registering an Enduring Power of Attorney between 1st April 2013 and 31st March 2017.

Anyone overcharged during that period would now be entitled to a partial refund, and may be entitled to interest on the sum owed.

It was originally estimated that they have collected a surplus in the region of £89 million.

According to the OPG, their processes became more efficient and as a result, operating costs came down. However, the fee charged for the application did not reduce in line with this. The fee was subsequently lowered by the OPG, a change which came into effect 1 April 2017.

A review of the refund scheme has been undertaken which has revealed that the Office of the Public Guardian have handled 158,212 official refund requests.

The total amount refunded so far has been in excess of £10 million.

The Office of the Public Guardian have said: “We estimate that approximately one million people will be eligible for a refund. As at 28 August, 158,212 valid refunds have been dealt with.” This leaves over 800,000 people yet to claim a refund.

If you think you may be eligible for a refund then visit https://www.gov.uk/power-of-attorney-refund

We can help

A power of attorney is a legal document where a person gives another person or persons (the attorney) authority to make certain decisions on his or her behalf.

If you need further advice on Lasting Powers of Attorney (LPAs) we can help. Our dedicated and experienced Wills & probate team have years of experience in dealing with Lasting Powers of Attorney and work closely with clients on a day to day basis in ensuring the proper completion and registration of these documents.

For further details contact us at one of our offices across Lincolnshire and Nottinghamshire in Boston, Grantham, Lincoln, Newark, Sleaford and Spalding.

 

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