Compass Retirement and Aged Care

Compass Retirement and Aged Care Retirement and aged care advice for Australians 55+. Plain language help to plan with confidence. Book a no-obligation chat to get started.

Compass Retirement and Aged Care helps Australians aged 55 and over — and their families — plan for retirement and navigate aged care with confidence. Based in Melbourne, we provide clear, plain-language financial advice on retirement income, the Age Pension, superannuation, and aged-care fees and funding. Whether you're planning your own retirement or helping a parent move into care, we're here t

o guide you through the decisions that matter. Jason Bell and Compass Retirement and Aged Care are Authorised Representatives of Millennium3 Financial Services Pty Ltd (AFSL 244252).

Good news if you're trying to build your super before retirement: the contribution caps are going up on 1 July 2026.Here...
25/06/2026

Good news if you're trying to build your super before retirement: the contribution caps are going up on 1 July 2026.

Here's what changes:
- The concessional (before-tax) cap rises from $30,000 to $32,500 a year. This covers your employer's super, salary sacrifice and personal contributions you claim a deduction for.
- The non-concessional (after-tax) cap rises from $120,000 to $130,000 a year.
- The 3-year "bring-forward" rule — which lets eligible under-75s combine three years of after-tax caps in one go — rises to $390,000.
- The transfer balance cap (the most you can move into a tax-free retirement pension) rises from $2.0 million to $2.1 million.

Why it matters: a higher cap means a little more room to top up super in the years that count most — and for some, a bigger slice that can sit in the tax-free pension phase in retirement. The right amount for you depends on your balance, your age and your timing, so it's worth a conversation before you act.

Want to know how the new caps fit your plan? Book a no-obligation chat with Compass.

General information only — not personal financial advice. It doesn't consider your objectives, situation or needs. Consider whether it's right for you and seek advice before acting.

A quiet pause before you tap "confirm" can save your retirement savings.The latest National Anti-Scam Centre report show...
25/06/2026

A quiet pause before you tap "confirm" can save your retirement savings.

The latest National Anti-Scam Centre report shows Australians lost a reported $2.18 billion to scams in 2025. And it's older Australians who carry the heaviest load: people aged 65 and over reported the highest losses of any age group — $88.8 million — which is 26.5% of all losses reported to Scamwatch, even though over-65s are about 17.2% of the population.

For this age group, investment scams did the most damage, with $50.8 million reported lost in a single year.

The encouraging part? Most scams rely on a moment of pressure. A genuine bank, super fund or government agency will never rush you, never demand secrecy, and never mind you hanging up to call them back on a number you found yourself.

Three habits that protect you:
- Pause when something feels urgent — pressure is the warning sign.
- Verify independently — look up the number yourself, don't use the one in the message.
- Talk to someone you trust before moving any money.

If you're ever unsure about a "super opportunity" or an unexpected call about your retirement money, it's completely okay to stop and ask. That's not being difficult — that's being careful.

Worried a call or message about your money isn't legitimate? Talk to us before you act — book a no-obligation chat.

General information only — not personal financial advice. It doesn't consider your objectives, situation or needs. Consider whether it's right for you and seek advice before acting.

10/04/2026

📣 EOFY is closer than you think… are your super contributions on track?

We’re already in mid-April, which means there’s limited time left to make the most of your super before 30 June.

Here are a few key things to keep in mind 👇

💰 Contribution caps for 2025–26:

Concessional (pre-tax): $30,000 per year

(includes employer contributions + salary sacrifice + personal deductible contributions)

Non-concessional (after-tax): $120,000 per year

(or up to $360,000 using bring-forward rules, if eligible)

📊 Why this matters now:

You still have time to top up contributions.
You may be able to use unused concessional caps from previous years (carry-forward rules apply).
Contributions can help reduce taxable income and boost retirement savings.

⏳ But timing is critical…

Super funds need to receive contributions before 30 June (not just processed).

Last-minute contributions can miss the cut-off if not planned early.

⚠️ A few things to consider:

Your total super balance may impact what you can contribute.

Higher income earners may be subject to additional tax (Div 293).

Not all strategies suit everyone, especially closer to retirement.

💬 The key question is not just “how much can I contribute?”

It’s “what’s the right strategy for me?”

If you’re unsure whether you should be contributing more (or how to structure it), now is the time to review.

📩 Reach out if you’d like guidance before EOFY.

Disclaimer:

This is general information only and does not take into account your personal objectives, financial situation or needs. You should consider whether it is appropriate for you and seek professional advice.

20/03/2026

The news around the Middle East can feel unsettling, especially when we start seeing petrol prices rise here in Australia.

Let’s break it down simply:

⛽ What’s happening globally?

Oil prices have surged due to escalating tensions in the Middle East. A key global shipping route (the Strait of Hormuz) is under pressure and that’s where a significant portion of the world’s oil flows through.

🇦🇺 Why Australia feels it quickly

Australia imports most of its fuel.

So when global oil prices rise… petrol prices here follow.

A simple rule:

Every increase in oil prices tends to flow through to the bowser fairly quickly.

📈 What we’re seeing now

Petrol prices have already started rising across Australia.

Short-term increases at the pump are likely

Over time, this can also impact transport and grocery costs

🧠 The bigger picture (important)

This is not the first time markets have reacted to geopolitical events.

Historically:

Oil spikes create short-term pressure.

Markets adjust.

Prices stabilise over time.

Australia is also unlikely to face fuel shortages, supply continues, just at higher prices.

💬 What this means for you

This matters, but it’s not a reason to panic.

What to focus on instead:

✔ Your long-term strategy

✔ Cash flow awareness

✔ Avoiding emotional financial decisions

Because short-term events…

don’t define long-term outcomes.

📌 Final thought

Financial security isn’t about predicting events…

It’s about being prepared for them.

Disclaimer:

This information is general in nature and does not take into account your personal objectives, financial situation or needs. Before making any financial decisions, you should consider whether the information is appropriate to your circumstances and seek professional advice. Past performance and market movements are not reliable indicators of future outcomes.

05/03/2026

You may have seen recent news about escalating conflict in the Middle East following military action involving Iran, Israel and the United States.



While geopolitical events can create uncertainty in the short term, markets have historically shown resilience during periods like this.

One area currently seeing movement is energy markets.

Iran produces roughly 4% of global oil supply, but the key concern is the Strait of Hormuz, a major shipping route through which around 20% of global oil and gas flows. As a result, oil prices have temporarily risen.

Importantly, global markets often react quickly to geopolitical news but tend to stabilise just as quickly as more information becomes available.

For long-term investors, events like this are a reminder of the importance of staying focused on strategy rather than reacting emotionally to headlines.

Markets have navigated many global events over time and maintaining a disciplined investment approach continues to be key.

Disclaimer:

This information is general in nature and does not take into account your personal objectives, financial situation or needs.

20/02/2026

Friday FAQ: Can you help your adult children financially without hurting your retirement?

Many parents want to help with house deposits or cash gifts, but without proper planning, it can impact your Age Pension and long-term security.

💸 Centrelink gifting rules matter
If you receive (or may receive) the Age Pension:
• You can gift $10,000 per financial year
• Maximum $30,000 over 5 years

Anything above this may still be counted as your asset for 5 years, which can reduce your pension entitlements.

🏡 Large gifts need careful planning
Giving $50k–$200k toward a deposit is common, but consider:
• Will you still have enough income later?
• Are you gifting or lending the money?
• Is it properly documented?

Structured family loans can often protect both you and your children.

🧠 Intergenerational planning is a strategy
Alternatives may include:
• Structured family loans
• Using surplus income instead of capital
• Estate planning strategies
• Downsizer contributions to rebuild super

Helping your children shouldn’t come at the cost of your own retirement security.

✨ Bottom line:
Secure your retirement first.
Understand the Centrelink rules.
Structure support properly.

Generosity is powerful, structured generosity is smarter.

This information is general in nature and does not take into account your personal objectives, financial situation or needs. Before making any financial decision, you should consider whether it is appropriate for your circumstances and seek personalised advice from a licensed financial adviser.

05/02/2026

On Tuesday 3 February, the Reserve Bank of Australia increased the official cash rate by 0.25% to 3.85%, the first rate rise in over two years.

For many Australians, this feels like another economic headline.

But for pre-retirees, interest rate movements can influence important parts of your financial planning.

Here’s what to think about this week:

Your borrowing costs.

If you have a variable home loan or other debt, repayments may increase as lenders pass on the higher rate. This can affect cash flow and how much flexibility you have in the years leading up to retirement.


Your savings and cash reserves.

Higher interest rates can improve returns on savings accounts and term deposits, helpful for those building income buffers before retirement.

Your investment strategy.

Rate changes can influence markets, asset prices and bond yields. As retirement approaches, this is a reminder to ensure your portfolio is positioned for both growth and future income needs.

Planning calmly, not reacting quickly.

A rate rise doesn’t change your goals. But it does highlight why reviewing your strategy regularly, especially as retirement gets closer is important.

Financial confidence comes from preparation, not headlines.

📌 General information only. This does not consider your personal objectives, financial situation or needs.

29/01/2026

A little-known super boost after selling your home.

For many Australians in their late 50s and 60s, downsizing the family home is a lifestyle decision-less maintenance, a better location, or being closer to family.

What’s often missed is that it can also be a valuable superannuation opportunity.


Under the current downsizer contribution rules (still applicable in 2026), if you are aged 55 or over and have owned your home for 10 years or more, you may be able to contribute up to $300,000 each into super from the sale proceeds.

And importantly, this contribution:

• Sits outside the usual contribution caps

• Doesn’t require you to be working

• Doesn’t trigger bring-forward rules

• Can be made even if your super balance is high

• Moves personal wealth into a more tax-effective retirement environment

For many pre-retirees, this becomes relevant well before they stop working.

Selling a home isn’t just a property decision, it can be a strategic step in retirement planning.

📌 General information only. Downsizer contribution rules, eligibility criteria and timeframes apply as per current ATO guidance. Advice should be tailored to your personal circumstances.

21/01/2026

Your portfolio should be preparing for income, even if you’re still working.



Early in the year, many people review investment balances and performance.

But for pre-retirees, an equally important question often gets overlooked:



What is your portfolio actually meant to do next?

For much of our working lives, investments are designed primarily for growth.

But as retirement comes closer, the role of a portfolio begins to change, well before your final day of work.

Income doesn’t suddenly appear at retirement.

It’s usually planned, structured and tested years in advance.

For pre-retirees, this often means:

• Understanding how today’s investments could support future income

• Considering how volatility may impact withdrawals in the early retirement years

• Reviewing asset allocation with both growth and cash flow in mind

• Thinking about tax efficiency as income sources change

• Ensuring flexibility for reduced work hours or phased retirement

This doesn’t mean abandoning growth or becoming overly conservative too early.

It means being intentional about how investments function, not just how they perform.

The years leading up to retirement are some of the most important investment years.

They’re not about chasing returns, they’re about preparing for sustainability, flexibility and confidence.

📌 General information only. This does not consider your personal objectives, financial situation or needs.

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Melbourne, VIC
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