SRDP ADVICE
​Understanding the Special Rate Disability Pension (SRDP)
The Special Rate Disability Pension (SRDP) is a key part of the Department of Veterans’ Affairs support framework. It provides long-term income for veterans whose accepted conditions prevent them from working full-time or sustaining suitable employment.
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While SRDP exists to provide financial security, the choice to accept or decline it is permanent. Once you elect to receive SRDP, you cannot return to your previous form of compensation.
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This is why the Department of Veterans’ Affairs funds personal financial advice before you make that decision. The advice helps you understand how SRDP affects your finances, lifestyle, and long-term goals so you can decide with confidence.
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Veterans often look for guidance after receiving their SRDP determination letter. This page explains what SRDP is, why the DVA funds financial advice, and how Witton Lane Advisory helps you make a clear and informed election within your 12-month decision window.
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Why Getting SRDP Financial Advice Matters
Each veteran’s situation is unique.
Your family circumstances, superannuation balance, tax position, Centrelink benefits, insurance, and long-term income all play a part in whether SRDP is the right outcome for you.
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The DVA provides funding for qualified financial advice so you can make this choice with full knowledge of your options. This advice is not about selling products. It is about understanding how SRDP fits into your financial position and future plans.
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At Witton Lane Advisory, our role is to make sure that advice is delivered correctly. Compliant, impartial, and focused on what serves you best.
What’s Included in Your DVA-Funded SRDP Advice
When you meet with a DVA-funded financial adviser, they will help you understand how SRDP interacts with your existing financial arrangements, including:
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Ongoing income and tax position
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Existing Permanent Impairment payments
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Centrelink and other government benefits
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Superannuation and insurance entitlements
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Long-term wealth and retirement planning
The adviser’s role is not to tell you which option to choose. Their role is to ensure you understand the full picture before you decide.
(For related information, see our Permanent Impairment Advice page.)
What to Do After Receiving Your SRDP Letter
If you have received your SRDP determination letter, you have 12 months to seek advice and make your election. Do not tick the box until you understand every implication.
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We can help you use your DVA-funded advice to review your options with a licensed adviser and make your election when you are ready.
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(If you have questions about your Permanent Impairment rating, visit our PI Advice page.)