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Veterans facing financial stress when transitioning from incapacity payments to Aged Care.



Veteran Community Needs Affected:

Sufficient Income

Issue Details

Veterans moving from incapacity payments to aged/service pensions experience a significant drop in income that requires some adjusting. This seems to be particularly bad for couples.

Likely Cause of the Issue

Policy relating to reaching 67 years old.

Possible Solution

Put in place a transition phase or an investment plan for individuals to help them through the drop in income.

Who is likely to be responsible to fix this?

Financial Advice, DVA

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