Assessed Contribution definition

Assessed Contribution means the amount of money that you have been assessed as having to contribute to your care package.
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Assessed Contribution means the amount of money that the Individual have been assessed as having to contribute to your care package (If the individual is a child there will be no assessed contribution).
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Assessed Contribution. The amount which is not deferred that you will be required to pay directly towards the Care Charges. Capital Limit (upper/lower): The sums specified in regulation 12 of the Care and Support (Charging and Assessment of Resources) Regulations 2014 and as amended from time to time.
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Examples of Assessed Contribution in a sentence

  • The amount of the weekly Care Charge for which the Council is to lend, as set out in Schedule 1, is subject to the Lending Limit and takes into account the fact that the Council requires you to make an Assessed Contribution from your income and capital towards the payment of the weekly Care Charges, as they fall due.

  • You understand that the total debt to be repaid on the termination of this Agreement is the Care Charges throughout the term of the Agreement less any Assessed Contribution you have paid, and any Administrative Charges you have not paid plus Interest.

  • The Assessed Contribution will exclude an amount agreed by the Council with the borrower, the minimum being equal to the Personal Expenses Allowance and a maximum equal to the Disposable Income Allowance.

  • The Loan will be equal to the difference between your weekly Assessed Contribution and the Care Charges.

  • The Council shall notify the Service User and the Provider of the Service User’s Assessed Contribution in writing once this has been determined.

  • The Assessed Contribution will be reviewed from time to time and the borrower will be notified within 28 days of the effective date except were the Council was waiting for financial information from the borrower to complete the Financial Assessment.

  • The Service User’s Assessed Contribution towards the Price (where applicable) will be determined once the Financial Assessment has been completed.

  • We suggest this would-be part of the preparation of the IYPH so a proposal could be considered for a possible adoption by the CPM in that year”.We think, that decision point 1 in paragraph 20 which states that the CPM "Endorse in principle the use of a Voluntary Assessed Contribution Agreement …..” could be understood as an agreement that a Voluntary Assessed Contribution Agreement is already accepted without any details developed for it.

  • In the event that the Service User fails to pay the Service User’s Assessed Contribution within 14 days of the due date, following the outcome of the Financial Assessment, the Provider will initially seek to recover the arrears as a debt from the Service User.

  • Assessable Income Less: Minimum Income Guarantee Less: Housing CostsLess: Disability Related Expenditure Equals: Assessed Contribution or Net Disposable Income The full amount of the assessed contribution or net disposable income is then compared to the amount of the personal budget and the amount due will be the lower of the two figures.


More Definitions of Assessed Contribution

Assessed Contribution means the financial contribution payable by the Resident for the Services, as determined following a financial assessment carried out by Bolton Council.
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Assessed Contribution means the weekly amount that the citizen agrees to contribute as a result of their financial assessment to meet his or her care needs and outcomes set out in the Care and Support Plan.
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Related to Assessed Contribution

  • Accumulated contributions means the sum of all

  • Delayed contribution payment means an amount paid by an employee for purchase of current service. The amount shall be determined using the same formula in KRS 61.5525, and the payment shall not be picked up by the employer. A delayed contribution payment shall be deposited to the member's account and considered as accumulated contributions of the individual member. In determining payments under this subsection, the formula found in this subsection shall prevail over the one found in KRS 212.434;

  • In-kind contribution means a contribution of goods or services received by a candidate committee, joint candidates committee, political committee, continuing political committee, political party committee, or legislative leadership committee, which contribution is paid for by a person or entity other than the recipient committee, but does not include services provided without compensation by an individual volunteering a part of or all of his or her time on behalf of a candidate or committee.

  • Pre-Tax Contributions means, for any Participant, the aggregate of the Participant's Basic Pre-Tax Contributions and Supplemental Pre-Tax Contributions contributed to the applicable Pre-Tax Contribution Account.

  • In-kind contributions means services and goods as approved by the department that are provided by a grant recipient toward completion of a department-approved local snowmobile program under section 82107.

  • Contribution Period means the period specified in Article VI for which Employer Contributions shall be made.

  • After-Tax Contributions means amounts withheld from an Employee’s Compensation pursuant to a Salary Reduction Agreement after all applicable state and federal taxes have been deducted. Such amounts are withheld for purposes of purchasing one or more of the Benefit Package Options available under the Plan.

  • Catch-Up Contribution means an Elective Deferral made to the Plan by a Catch-Up Eligible Participant that, during any taxable year of such Participant, exceeds one of the following:

  • Member contributions means all amounts paid to ASRS by a member.

  • Contributions means the payroll deductions and other additional payments specifically provided for in the Offering that a Participant contributes to fund the exercise of a Purchase Right. A Participant may make additional payments into his or her account if specifically provided for in the Offering, and then only if the Participant has not already had the maximum permitted amount withheld during the Offering through payroll deductions.

  • Initial Contribution means that contribution each Participant has made or agrees to make pursuant to Section 5.1.

  • Catch-Up Contributions means Salary Reduction Contributions made to the Plan that are in excess of an otherwise applicable Plan limit and that are made by Participants who are Age 50 or over by the end of their taxable years. An “otherwise applicable Plan limit” is a limit in the Plan that applies to Salary Reduction Contributions without regard to Catch-up Contributions, such as the limits on Annual Additions, the dollar limitation on Salary Reduction Contributions under Code Section 402(g) (not counting Catch-up Contributions) and the limit imposed by the Actual Deferral Percentage (ADP) test under Code Section 401(k)(3). Catch-up Contributions for a Participant for a taxable year may not exceed the dollar limit on Catch-up Contributions under Code Section 414(v)(2)(B)(i) for the taxable year. The dollar limit on Catch-up Contributions under Code Section 414(v)(2)(B)(i) is $1,000 for taxable years beginning in 2002, increasing by $1,000 for each year thereafter up to $5,000 for taxable years beginning in 2006 and later years. After 2006, the $5,000 limit will be adjusted by the Secretary of the Treasury for cost-of-living increases under Code Section 414(v)(2)(C). Any such adjustments will be in multiples of $500.

  • Contribution Rate means, in a reserve study as described in RCW 64.34.380, the amount contributed to the reserve account so that the association will have cash reserves to pay major maintenance, repair, or replacement costs without the need of a special assessment.

  • Additional Contribution Each Member's pro-rata portion of a Required Amount, determined by multiplying the Required Amount by each Member's Interest.

  • Cash Contribution refers to a direct payment of Contribution in Canadian currency.

  • Excluded Contribution means net cash proceeds, marketable securities or Qualified Proceeds received by the Company from:

  • Employer Contribution means the amount paid by an employer, as determined by the employer rate, including the normal and deficiency rates, contributions, and funds wherever used in this chapter.

  • Campaign Contribution means a gift, subscription, loan, advance or deposit of money or other thing of value, including the estimated value of an in-kind contribution, that is made to or received by an applicable public official or any person authorized to raise, collect or expend contributions on that official’s behalf for the purpose of electing the official to either statewide or local office. “Campaign Contribution” includes the payment of a debt incurred in an election campaign, but does not include the value of services provided without compensation or unreimbursed travel or other personal expenses of individuals who volunteer a portion or all of their time on behalf of a candidate or political committee, nor does it include the administrative or solicitation expenses of a political committee that are paid by an organization that sponsors the committee.

  • Additional contributions means contributions made by a member of a defined benefit plan to

  • Excess Contribution With respect to any Plan Year, the excess of: (a) the aggregate amount of Employer contributions actually taken into account in computing the ADP of Highly Compensated Employees for such Plan Year, over (b) the maximum amount of such contributions permitted by the ADP Test (determined by hypothetically reducing contributions made on behalf of Highly Compensated Employees in order of the ADPs, beginning with the highest of such percentages).

  • Contribution Value means the fair market value as reasonably determined by the General Partner of property (other than cash) contributed by a Partner to the Partnership (net of liabilities secured by such contributed property that the Partnership is treated as assuming or taking subject to pursuant to the provisions of Section 752 of the Code).

  • Contribution Date has the meaning set forth in Section 4.3 hereof.

  • Qualifying contribution means, with respect to a

  • Cash contributions means the re- cipient’s cash outlay, including the outlay of money contributed to the re- cipient by third parties.

  • Regular contributions means the amounts required to be

  • Qualified Nonelective Contributions means contributions of the Plan Sponsor or an Affiliate, other than Matching Contributions or Elective Deferrals, which are nonforfeitable when made, and which would be nonforfeitable regardless of the age or service of the Employee or whether the Employee is employed on a certain date, and which may not be distributed, except upon one of the events described under Code Section 401(k)(2)(B) and the regulations thereunder.