VETERAN FINANCIAL CONNECT

Getting Financial Advice For Your DVA Offer


When going through the DVA claims process, should liability be accepted for conditions under MRCA with at least 50 or more impairment points, you will be entitled to financial advice with the cost covered by DVA - or when approved for and made an SRDP offer, it is mandatory to seek financial advice.

Due to the impacts that payment decisions and their interaction with other forms of government assistance, it is highly recommended that eligible veterans receive personal financial advice prior to making and decisions on payments. 

DVA provides this opportunity to speak with a financial adviser at their expense, because they know the ins and outs of a PI offer can be complicated, and this opportunity is provided to veterans, for the benefits of a veteran.

Many veterans often think a financial adviser will just push you into investments, but our advisers are focused on helping veterans with the day to day money management side of things across: impacts of your PI or SRDP offer on other payments, paying down and managing debt, buying a property if that is what you want to do, and meeting day to day financial needs.

Veteran Financial Connect can connect you directly with a Financial Adviser to assist you getting the right advice, how those compensation offers could impact you and your family and any other payments you may receive, and can give you a projection on some of the plans you may have with your compensation offer such as buying a home or car.



Get Assistance From Anywhere

  • Brisbane

  • Townsville

  • Sydney

  • Central Coast

  • Newcastle

  • Adelaide

  • Perth

  • Darwin

  • Hobart

  • Melbourne

  • Cairns

  • Launceston

Speak with a Financial Adviser

To speak with a financial adviser re your MRCA PI or SRDP offer, reach out to us:        Phone:  0459 945 470 

Email:  info@veteranfinancialconnect.com.au
Get Financial Advice For Your DVA Offer

Why Get Financial Advice

Getting financial advice when paid for by DVA, is always worth it, and for many veterans, sadly there is a lack of financial understanding particularly around how to best utilise the opportunity that serving and financial compensation payments can provide.

When offered the opportunity to obtain financial advice covered by DVA, or during your transition process, this can be an ideal opportunity to work with an experienced financial advisor that can go over your current and future situation, giving you an in-depth understanding of your overall financial position, impacts on any family tax and childcare benefits you receive, and the opportunities available to best maximise your financial opportunity and future. 

Getting the right financial advice can be key in creating the financial future you deserve, and we want veterans to get unbiased advice from advisors who will not use that opportunity to push veterans into unsuitable and risky investments. 

Financial advice can help you manage any debts, and plan for how to make your money last.

Special Rate Disability Pension (SRDP)

The SRDP provides an alternative form of compensation (instead of incaps), for people whose capacity for work has been severely restricted because of conditions due to military service on or after 1 July 2004.

SRDP can potentially be a cost of living measure to apply for when on incaps or Comsuper, with the potential discounts it can provide access to.

It costs nothing to apply for SRDP, and you do not have to accept an SRDP offer and choose to stay on Incaps and when you do, this will also allow you to get TPI on your DVA card - accessing a range of cost of living benefits.

Permanent Impairment (PI)

The financial advice for a PI offer is made to veterans to decide between a lump sum versus an ongoing pension payment, when under MRCA and given 50 or more impairment points.

DVA indicates the amount and time frame that a veteran is entitled for financial and legal advice, prior to making their decision.

Getting financial advice for PI payments is available at DVA expense at 50+ impairment points, and is always worth obtaining.

Defence, Veterans and Families Acute Support Package

The Defence, Veterans’ and Families’ Acute Support Package provides short-term, flexible support to help eligible veterans and veteran families adjust to new and challenging life circumstances that may result in the family experiencing crisis, and to be eligible for the Acute Support Package, you or your family must be experiencing new and challenging life circumstances.

 New and challenging life circumstances are situations or events over which a person has no control, which have occurred recently, and are impacting on the veteran or veteran family’s wellbeing, or their ability to function. The impact of a new and challenging life circumstance is unique to each family. 

 The types of life circumstances which may result in the family experiencing crisis can include mental and physical heath episodes, including substance abuse issues, incidents of self-harm and attempted suicide. They may also involve family issues such as conflicts, break­downs and violence; or sudden, significant events such as a death in the family. 

 If you do experience circumstances like these, then DVA will work with you on a support package, and at Veteran Financial Connect, we can assist at no cost to you, with support through an Acute Support Package to deal with any significant money and financial impacts.

Reach out to us to see how we can help support you through your acute support needs.
DVA Acute Support Package Services