Lanham Financial Advice has a respected relationship with the Department of Veterans Affairs and has built significant expertise in providing speciality financial advice and wealth management to Australia’s veterans and their families.
The Department of Veteran’s Affairs (DVA) also provide care, compensation and commemoration for Australia’s veterans and their families.
The Age Service Pension is paid to veterans, and to eligible partners, widows and widowers. The pension is income and assets tested in the same manner as the Age Pension.
There is also a Disability Pension provided by DVA to compensate veterans, the amount paid being dependent on the degree of disability.
If a Veteran dies due to war caused disease or injury their widow may be entitled to a pension known as the War Widows Pension. Receipt of the War Widows Pension automatically provides you with the Gold Card.
This pension is not taxable, nor income and assets tested, and may be paid to a legally married spouse or defacto.
The Invalidity Service Pension is a payment to a Veteran who cannot work due to an incapacity, which is not as a result of war and who has not reached the Age Service Pension age.
The Department of Veteran’s Affairs automatically issues Concession Cards to those receiving a pension and which entitles the holder to a range of discounts on expenditures such as telephone, electricity, council rates and car registration.
In addition, the card entitles the recipient to reduced cost of prescription medicines listed under the Pharmaceutical Benefits Scheme (PBS).
The DVA Gold Card entitles the holder to health care for all types of ailments and conditions, whether war caused or not. There is a pharmaceutical benefits scheme and range of dental care.
