Veterans with 50 or more impairment points are eligible for DVA-funded independent financial advice. This means DVA will reimburse the cost of seeing a qualified financial adviser to help you understand your compensation options and make informed decisions.
This is particularly important for veterans considering the Special Rate Disability Pension (SRDP), as SRDP involves complex offsetting rules against superannuation and previous lump sum payments. A qualified financial adviser can help you understand the net financial outcome of different choices.
DVA generally considers financial advice reimbursement an important benefit for veterans with complex compensation situations. The adviser can help with understanding how different DVA payments interact, how superannuation invalidity pensions affect your DVA compensation, whether to choose lump sum or periodic payments where options exist, and general financial planning related to your DVA entitlements.
To access this benefit, you need to have 50 or more combined impairment points assessed by DVA. You can choose your own qualified financial adviser. DVA reimburses the cost up to a set limit.
Verify current reimbursement limits and eligibility directly with DVA.
This is a guide only. Always verify with DVA directly or with a qualified advocate.