For a Veteran in any stage of their Defence journey, protecting your financial future is the number one thing you need to do in order to ensure that you can live your life after service comfortably and without worry. To do this, you need to ensure you are financially prepared for unexpected events and challenges, such as illness or market downturns. But what exactly does that entail?
You will need to consider financial aspects when leaving the ADF. We aim to offer financial literacy training and comprehensive financial planning to all Veterans who need them, and, most importantly, we do so without ever making our clients go out of pocket. Before we get to how we can help, though, it’s important to understand why we want to help.
Why Safeguarding Your Financial Future is Important
With the uncertainty of the future, a variety of factors can impact your financial stability, including economic changes, shifts in the job market, and unexpected health or personal issues. Helping ADF personnel become financially educated is critical to a smooth transition and to help them prepare for potential challenges ahead.
Smart planning for your ADF transition means thinking beyond your immediate financial needs and considering your future financial needs and goals. This can include planning for retirement, saving for your children’s education, and setting financial goals that align with your personal aspirations and values. Take a look at the ADF’s financial education videos to help you get started.
By taking a long-term approach to financial planning, you can create a roadmap that can help guide your financial decisions and ensure that you are on track to achieve your goals.
When planning for these long-term goals however, it is equally as important to keep the unpredictable nature of the future in mind. Unexpected setbacks like a sudden illness can have a significant impact on your financial situation, and if you are not prepared for these types of events can quickly deplete your savings and put you in a difficult financial position. By safeguarding your financial future, you can create a safety net that can help protect you in the event of unexpected events.
Most importantly, safeguarding your financial future can also provide peace of mind and ensure your financial independence. Financial stress can have a significant impact on your mental and emotional well-being and can cause anxiety and worry. By taking steps to protect your financial future, you can reduce your financial stress and anxiety and create a sense of security and stability.
On top of this, safeguarding your financial future can help you create the financial flexibility and freedom to pursue your passions and aspirations. It is never too early or too late to start planning for your financial future, and the benefits of doing so can have a profound impact on your life and well-being. So, if you think it’s time you took those first steps and started planning for your financial future, then it’s time to turn to National Service Financial.
Who Is National Service Financial
What sets us apart from other financial advisers is that we are Veteran-run and led, and as such, focus solely on offering financial literacy and comprehensive financial planning to Veterans. Established by a former member of the Royal Australian Navy, National Service Financial truly understands the unique needs of military personnel and veterans.
Seeing firsthand the challenges ex-military members face in preparing for transition, we became determined to create a dedicated space to deliver financial advice to military personnel, paired with genuine, understanding care.
As leading and accredited financial advisers, we are bound by the ASIC Code of Ethics and meet all obligations to ensure we are compliant with all ASIC regulations. This code ensures financial advisers set and maintain agreed professional standards, so you can trust that we always operate under ethical and fair business practices when giving financial advice and helping our clients become financially secure.
How We Can Help You
With the goal of creating a solid financial foundation for our veterans through genuine, skilled expertise that facilitates optimal financial independence post-service, we aim to deliver a more holistic approach to financial advice by offering financial literacy education and comprehensive financial planning.
By utilising a trusted network of specialists, we can offer a wide range of support and education to our clients, thanks to our access to mortgage brokers, conveyancers, accountants and other financial planning services, along with various Ex-Service Organisations. Our tailored advice for military personnel and veterans includes specific focuses on:
Medical Discharge ADF
Our team deals with the entire picture when it comes to medical discharge as we have been through the process and understand how and at what time frames certain events should be occurring to keep your Medical Discharge on track. We also provide comprehensive financial advice for military personnel relating to any Permanent Impairment or disability payout that an ADF member may receive. We can also help you understand how your superannuation gets impacted in this instance. For example, we can help you better understand how MSBS (MilitarySuper) works in relation to your medical discharge and the circumstances in which you may be eligible for pension payments.
ADF Transition
Following retirement from the ADF, National Service Financial can provide financial advice and planning on what to do with any superannuation payouts and how best to utilise them during their transition from the ADF to civilian life. Some DVA payouts are taxable. We can better help you understand the implications and make informed decisions.
If you are in the market to buy a home, we can help you understand and access the different housing entitlements available to ADF members and veterans. This can prove valuable when navigating the housing market as a veteran or serving ADF member on your own is challenging.
You may also be eligible for the Career Transition Assistance Scheme, which can help you access training and financial support.
We always aim to help our clients become financially educated so they can make important choices regarding their super and complying funds, and to make claims through Med Access for Member and Ancillary Benefits.
Genuine, Caring and Personal Advice
Above everything else, though, we aim to specialise in providing genuine, personal care and advice. We understand how stressful and overwhelming a departure from the ADF can be. Whether you’re retiring or medically discharging, ensuring you can cover your everyday costs is essential. Our team is dedicated to helping secure your future.
