Strategy Text

Page 17

18. Apply for Department of Veterans’ Affairs (DVA) Entitlements We recommend that you apply for Department of Veterans’ Affairs entitlements. Based on our current estimate of your entitlements and your financial position, we believe you are eligible for a Service / Age Service / Invalidity Service / Partner Service pension or Veteran payment of $XXX per fortnight ($XXX p.a.) You may also be eligible for a Defence Force Income Support allowance / Rent assistance / Remote Area allowance and/or a Pension / Veteran / Income Support / Energy supplement and/or an Energy Assistance Payment. Benefits:      

Access to DVA entitlements will help to supplement your income, helping you meet your ongoing living costs. Utilising this income will help preserve your investment savings for future income needs. The DVA entitlements may give you access to other discounts and benefits such as rent assistance. You will receive cheaper medicine under the Pharmaceutical Benefits Scheme. Your Doctor may provide bulk-billing visits. You will also receive discounts on utility bills, rates, public transport and other health care costs.

Points to Consider:  

 

DVA payments are subject to legislative change which may impact the amount of your entitlement in the future. A review of your income requirements will be needed should this happen. [Means tested] The entitlement we have estimated here is based on your current financial position. If this is inaccurate or you have a significant change in circumstances, your entitlements will change as eligibility is based on an income and asset test. [Means tested] You must notify DVA of any significant changes, within 14 days, for a review of your entitlements. Extended overseas travel may impact your entitlement therefore it is important that you notify the DVA of these plans.

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Re-contribute to your Superannuation....................................................................................57

2min
page 77

Invest using a Model Portfolio.................................................................................................56

3min
page 76

Establish your Powers of Attorney...........................................................................................27

1hr
pages 38-75

Establish your Will/s................................................................................................................26

2min
page 36

Review your Will/s...................................................................................................................27

3min
page 37

Establish your Estate Plan........................................................................................................25

2min
page 34

Review your Estate Plan..........................................................................................................25

2min
page 35

Use your Home Equity to Invest..............................................................................................24

3min
page 33

Repay your Non-Deductible Debt............................................................................................24

2min
page 32

Commence a Regular Gearing Strategy...................................................................................23

3min
page 31

Increase your Loan Repayments..............................................................................................22

3min
page 30

Establish a Loan Offset account...............................................................................................22

3min
page 28

Increase the Frequency of your Loan Repayments..................................................................22

3min
page 29

Implement a Debt Recycling Strategy......................................................................................21

2min
page 27

Commence an Investment Portfolio with a Margin Lending Facility........................................20

3min
page 25

Consolidate your Debt.............................................................................................................20

3min
page 26

Apply for Rent Assistance........................................................................................................19

3min
page 24

Maintain your Pension Bonus Scheme....................................................................................18

2min
page 23

Apply for Parenting Payment...................................................................................................18

3min
page 22

Apply for Jobseeker Payment..................................................................................................17

3min
page 21

Gift $XXX to increase your Centrelink Entitlements.................................................................17

1min
page 20

Apply for Department of Veterans’ Affairs (DVA) Entitlements...............................................16

1min
page 19

Apply for a Disability Support Pension.....................................................................................15

2min
page 18

Apply for the Commonwealth Seniors Health Care Card (CSHCC)...........................................14

1min
page 17

Apply for a Carer Payment.......................................................................................................13

3min
pages 15-16

Apply for Carer’s Allowance.....................................................................................................13

2min
page 14

Cash flow monitoring...................................................................................................................10

3min
page 8

Consolidate Cash...........................................................................................................................9

2min
page 6

Term Deposit Renewal.................................................................................................................12

3min
page 11

Apply for Austudy....................................................................................................................13

2min
page 13

Apply for a Low-Income Health Care Card (LIHCC)..................................................................12

3min
page 12

Surplus Cashflow.........................................................................................................................11

2min
page 9

Term Deposit...............................................................................................................................11

1min
page 10

Establish a Budget for your Cash Flow.........................................................................................10

1min
page 7
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