Personal financial benefits of military service
Encyclopedia
There are several personal financial benefits of military service. Some are matters of public policy
enacted by governments, and some are issued by private companies or organization
s on their own accord. In Canada for example, members of the Canadian Forces
as of 2004 on high-risk or moderate-risk operations are entitled to a tax exemption
on their first $6,089 CDN earned per monthhttp://www.forces.gc.ca/hr/cfpn/engraph/5_04/5_04_tax-exemption_e.asp.
Active, reserve and retired United States Uniformed Services members and their dependents can shop at base exchange
s (BX), also referred to as a post exchange (PX) on Army installations. Exchanges sell consumer goods and services and most (but not all) sales by exchanges are free of local sales or VAT taxes. Exchanges also supply gasoline at prices roughly approximating those in the U.S., normally on a rationed basis, to overseas personnel for personal use, since fuel prices in most foreign countries (where U.S. military are stationed) are normally much higher due to local taxes.
British military personnel have access to Navy, Army and Air Force Institutes
which sell goods to servicemen and their families.
The Australian defence force
has a Defence Force Privilege Card scheme, DefCom
, designed to give ADF members, their families and former members of the ADF the opportunity to buy a wide range of goods and services at discount rates.
Public policy
Public policy as government action is generally the principled guide to action taken by the administrative or executive branches of the state with regard to a class of issues in a manner consistent with law and institutional customs. In general, the foundation is the pertinent national and...
enacted by governments, and some are issued by private companies or organization
Organization
An organization is a social group which distributes tasks for a collective goal. The word itself is derived from the Greek word organon, itself derived from the better-known word ergon - as we know `organ` - and it means a compartment for a particular job.There are a variety of legal types of...
s on their own accord. In Canada for example, members of the Canadian Forces
Canadian Forces
The Canadian Forces , officially the Canadian Armed Forces , are the unified armed forces of Canada, as constituted by the National Defence Act, which states: "The Canadian Forces are the armed forces of Her Majesty raised by Canada and consist of one Service called the Canadian Armed Forces."...
as of 2004 on high-risk or moderate-risk operations are entitled to a tax exemption
Tax exemption
Various tax systems grant a tax exemption to certain organizations, persons, income, property or other items taxable under the system. Tax exemption may also refer to a personal allowance or specific monetary exemption which may be claimed by an individual to reduce taxable income under some...
on their first $6,089 CDN earned per monthhttp://www.forces.gc.ca/hr/cfpn/engraph/5_04/5_04_tax-exemption_e.asp.
Active, reserve and retired United States Uniformed Services members and their dependents can shop at base exchange
Base exchange
A Base Exchange is a type of retail store operating on United States military installations worldwide...
s (BX), also referred to as a post exchange (PX) on Army installations. Exchanges sell consumer goods and services and most (but not all) sales by exchanges are free of local sales or VAT taxes. Exchanges also supply gasoline at prices roughly approximating those in the U.S., normally on a rationed basis, to overseas personnel for personal use, since fuel prices in most foreign countries (where U.S. military are stationed) are normally much higher due to local taxes.
British military personnel have access to Navy, Army and Air Force Institutes
Navy, Army and Air Force Institutes
The Navy, Army and Air Force Institutes is an organisation created by the British government in 1921 to run recreational establishments needed by the British Armed Forces, and to sell goods to servicemen and their families...
which sell goods to servicemen and their families.
The Australian defence force
Department of Defence (Australia)
The Australian Department of Defence is a Federal Government Department. It forms part of the Australian Defence Organisation along with the Australian Defence Force . The Defence mission is to defend Australia and its national interests...
has a Defence Force Privilege Card scheme, DefCom
DefCom Australia
DefCom Australia is a loyalty card purchasing scheme for:*regular and full-time Reserve members of the Australian Defence Force;*certain 'Protector' organisations, such as firefighters, ambulance and emergency response personnel including the Wireless Institute of Australia's emergency response...
, designed to give ADF members, their families and former members of the ADF the opportunity to buy a wide range of goods and services at discount rates.
See also
- G.I. Bill
- United States Military PayUnited States Military PayUnited States Military Pay is money paid to members in the United States Armed Forces. The amount of pay may vary by the member's rank, time in the military, location duty assignment, and by some special skills the member may have.-Pay versus Allowance:...
- Veterans' benefits