Self Managed Funds
Self managed funds under the National Disability Insurance Scheme (NDIS) provide participants with the highest level of control and flexibility over their NDIS budgets. This option allows you to directly manage your funds, choose your service providers, and oversee the administrative tasks associated with your plan. It is designed for those who are confident in handling their financial and administrative responsibilities and who want to tailor their supports to their specific needs.
Benefits of Self Managed Funds
Maximum Control and Flexibility
Self management allows you to make all decisions regarding your supports and services. You can choose any provider, negotiate rates, and tailor your services to best meet your needs and preferences. This level of control ensures that your supports are truly personalised.
Cost Efficiency
By managing your funds directly, you may be able to negotiate better rates with providers, potentially stretching your budget further. This can enable you to access more or higher-quality services within your allocated funding.
Empowerment and Independence
Self managing your NDIS plan empowers you to take charge of your supports and make decisions that directly impact your quality of life. This can be a rewarding experience that enhances your sense of independence and self-determination.
Responsibilities of Self Managed Funds
While self management offers significant benefits, it also comes with responsibilities. You must handle all financial transactions, including paying your providers and managing invoices. You are also responsible for keeping accurate records and ensuring all expenses are in line with your NDIS plan and goals.
Additionally, you will need to submit regular reports to the NDIA, detailing how your funds have been spent. This requires organisational skills and an understanding of NDIS requirements to ensure compliance and avoid any issues with funding.
About Us
Linked Support Solutions is a trusted NDIS service provider, committed to enhancing the lives of individuals with disabilities. Our skilled professionals deliver high-quality, personalised care and support, tailored to meet your unique needs and aspirations. We are dedicated to helping you live your best life with confidence and independence.
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I am so grateful to have the opportunity to work here. Thank you for supporting me into the workforce.
If only every employer could have the traits you do. This place feels like home and I am so happy to be treated equally. I wish all employers hired disabled people.
Disability have a lot to offer and can do a lot of things. They deserve every chance to work in the workforce.
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