Sort your finances
Once you've transitioned out of full-time service, you may have to contend with a change to your living costs and wages.
There's help available if you're having troubles with your finances.
On this page
You will need to apply via MyService to get us to accept liability.
The Veteran Payment is an interim payment for those who:
- lodge a claim for a mental health condition under either the Military Rehabilitation and Compensation Act 2004 (MRCA) or the Safety, Rehabilitation and Compensation Act (Defence-related Claims) Act 1988 (DRCA)
- cannot work for more than 8 hours a week.
This means that you can start to get assistance from us before we approve your claim.
Your partner may be eligible for their own Veteran Payment.Back to top
You may be eligible for payments from other government agencies or your superannuation fund. These payments may have an effect on the amount of pension or payment we pay you. You may wish to seek financial advice before starting or stopping one of these payments.
The JobSeeker Payment is a fortnightly payment for people who are between 22 and Age Pension age and who are looking for work. It is a Services Australia (Centrelink) payment.
After you leave full-time service, you may be eligible for a lump-sum payment or regular payments from your super fund. The amount you can get will depend on your individual circumstances. You should contact your super fund to ask for more information.Back to top
Before you leave full-time service, you should take advantage of all on-base help, including transition assistance seminars.
Once you've left, you can still access information on the Defence website. This includes information about:Back to top
Support with financial literacy
You and your family have access to a number of resources and payments designed to foster financial literacy, including:
- online educational material
- access to financial counselling
- compensation for professional financial advice.
We have created an information sheet (.docx 14.9 KB) that lists these resources, and tells you where you can find them.Back to top
Mortgages and home insurance
Leaving the service does not automatically mean that your entitlements to the home ownership assistance scheme and to defence insurance cease.
Defence home ownership assistance
You may still have access to the home ownership assistance scheme after you leave full-time ADF service. If you have accessed the scheme in the past, you will need to contact the Defence Home Ownership Assistance team to let them know that you have left full-time service, as this change can impact your subsidy payment.
Defence Service Homes (DSH) Insurance provides home building insurance to all current and former members of the Australian Defence Force (ADF) who have at least one day of service regardless.
This include reservists and peacekeepers. If you are insured with DHS Insurance you should contact them to update them any changes in your circumstances such as a change of address.Back to top
DVA payments and child support
Your income support and compensation payments may be considered in an assessment of your income for child support purposes. Services Australia has more information on child support assessments.Back to top