What kind of help can I arrange?

Third party mandate

General power of attorney

Lasting power of attorney

Lasting power of attorney

If you need help managing your financial affairs and you'd like this to continue should you become unable to make financial decisions - or you just want someone to be able to manage your financial affairs should you lose capacity in the future - then you may find a lasting power of attorney helpful.

What is a lasting power of attorney (LPA)?

An LPA is a legal document that allows you (the donor) to give one or more people (attorneys) the power to act on your behalf, continuing into, or only at such a time that you are no longer able to make decisions.

There are two types of LPA:

  • A property and financial affairs LPA, and
  • A health and welfare LPA.

To allow someone to manage your account with Nationwide, you would need to have a property and financial affairs LPA in place.

You must have the mental capacity to make your own decisions when the LPA is set up, and you can continue to manage your money either independently, or alongside the attorney, until such a time that mental capacity may be lost.

In Scotland

In Scotland, lasting power of attorney is known as a 'continuing power of attorney' or 'financial power of attorney'.

In Northern Ireland

In Northern Ireland, lasting power of attorney is known as an 'enduring power of attorney'. 

Further information

Read Register a power of attorney for more on what you need to do.

When might a lasting power of attorney be used?

An LPA might be used if:

  • you're planning ahead to a time where you may not be able to make financial decisions
  • you've received a diagnosis of early-onset dementia or other condition that may limit ability to manage finances independently.
  • you want control and choice over who should manage financial matters should you lose the ability to make decisions in the future.

What can my attorney(s) do?

Generally, attorneys should:

  • act in your best interest
  • consider your past and present wishes
  • not take advantage of you for their benefit, and
  • keep all of your money separate from theirs.

What might an attorney be able to do when managing your account?

Action
Lasting Power of Attorney (also applies to Continuing Power of Attorney in Scotland and Enduring Power of Attorney in Northern Ireland)
Cash withdrawal
Yes
Cheque withdrawal
Yes
Bank transfer
Yes 
Hold a debit card

If applicable to the account type, either the donor or the attorney can hold a debit card. You can decide who when you register your Power of Attorney with Nationwide. If the donor loses their mental capacity, the attorney can be provided with the sole debit card upon request

Hold a credit card
No, they can only manage down existing credit card debt (they cannot hold their own card or open a new account)
Hold a cheque book

If applicable to the account type, either the donor or the attorney can hold a cheque book. You can decide who when you register your Power of Attorney with Nationwide. If the donor loses their mental capacity, the attorney can be provided with the sole cheque book upon request

Access internet banking
If the donor's account/s are available through internet banking, and if the donor is unable to manage their finances because of physical or mental disability, the attorney can be provided with Internet Bank details upon request
Access telephone banking
No
Open a new account
Yes
Close an account
Yes
Manage a mortgage
Yes, the attorney is able to manage a donor’s mortgage, including making repayments and opening a new account (only to reduce debt)


We can only write to one address, which you can choose at registration or a later date.

Registering a foreign power of attorney

We do accept foreign general power of attorney documents, but you must have your mental capacity when it's registered. You must provide the original in the foreign language and also have a translation, which is stamped by a notary.

We do not accept foreign lasting power of attorneys.

How do I end or change my lasting power of attorney?

As long as you can still make decisions (have the mental capacity) you can end or cancel your power of attorney. You must write to the relevant office in your jurisdiction:

How much does it cost?

We don't charge anything to register a lasting power of attorney at Nationwide.

There is a cost to register your lasting (also known as 'continuing' or 'enduring') power of attorney with the relevant public office in your jurisdiction. This registration can take a couple of months, depending on your circumstances.