VETERAN FINANCIAL CONNECT

Getting Financial Advice For Your Life Discharge

(Our core focus helping Defence members plan for their future)

When making the decision to leave Defence and start the transitions process, there are many issues that a veteran has to be across and focus - housing, employment, meeting medical needs, providing for their family and ongoing bills and debts.

When transitioning, Australian Defence Force (ADF) members may be eligible to access professional financial advice, with a member being eligible to apply for professional financial advice within 24 months of their transition date.

Veteran Financial Connect believes this is an opportunity that every member who is going to transition from Defence, or has in the last 24 months, should take advantage of, and we can help connect you with a financial advisor and discuss what you need to be aware of post your discharge date.

Getting a thorough understanding of what costs you will be up for once you leave Defence, how to manage those expenses and getting an understanding of your financial position once you discharge is very important. 

Veteran Financial Connect can help you access your Defence transition financial advice entitlement, and as approval may take up to 21 days, we encourage members transitioning to reach out to us at the earliest possible point in time.
Get Defence Transitions Financial Advice

Can I Get Financial Advice After Discharge? 

In short - yes. 

If you did not use your transitions financial advice entitlement during your discharge process, you may be able to access up to $1000 paid to an adviser, or reimbursed to you to speak with a financial adviser, for up to 24 months post discharge.

Financial advice post discharge can include:

  • Help with creating and sticking to a budget to manage income and expenses.

  • Strategies to reduce debt, including debt consolidation and repayment plans

  • Assessing your risk tolerance and financial goals to develop a suitable investment strategy, potentially including shares, property, and superannuation

  • Strategies to save for retirement, including maximizing superannuation contributions and exploring retirement income options

  • Assessing your insurance needs and recommending appropriate policies, such as life, disability, and income protection insurance

  • Advice on optimising your superannuation contributions, choosing investment options, and understanding tax implications. 

Whether you have struggled to find work and need some direction with your finances, have found new work post discharge, or your family circumstances have changed for good or bad and you have not used your transition financial advice entitlement, then Veteran Financial Connect can assist you to connect with a financial adviser using your entitlement, so you can get a good understanding of your circumstances.
Get Defence Transitions Financial Advice