VETERAN FINANCIAL CONNECT

Getting Financial Advice For Your DVA Compensation Offers


When going through the DVA claims process, should liability be accepted for conditions that result in an impairment rating of at least 50 Impairment Points,  you may be entitled to financial advice with the cost covered by DVA.   

Or when approved for SRDP, it is mandatory to seek financial advice - advice that is paid for by DVA.

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.

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.



Locations of Our Advisers

  • Brisbane

  • Townsville

  • Sydney

  • Central Coast

  • Newcastle

  • Adelaide

  • Perth
Get Financial Advice For Your DVA Offer

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, and it is compulsory to obtain financial advice before actioning your decision. 

SRDP may affect your eligibility for the Family Tax Benefit and other benefits such as Child Support Agency, which is why there is a requirement for financial advice to be obtained prior to making a choice to receive SRDP. 

Permanent Impairment (PI)

The PI offer is made to veterans to decide between a lump sum versus an ongoing pension payment.

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.

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.