Neo Super

Latest ATO statistics show that SMSF establishments are at their highest rate since 2016-2017.

Another busy week wrapped up at the Neo Super offices! We welcomed our PR partner Capital Outcomes into the office to talk all things strategy, content and marketing for 2025. As always, our focus remains on delivering exceptional service and expanding our reach to support even more professionals and trustees on their Super journey.

Nicholas Ali, Neo Super’s Head of SMSF Technical Services, recently discussed the game-changing legacy pensions reform in The Golden Times. After years of anticipation, retirees can now convert or exit outdated pension products, giving them greater control over their retirement income.   These changes allow retirees to restructure their financial arrangements, making them better suited to their needs. However, he warns retirees to act quickly as the new rules come with a five-year window.   Read the full article below.

SMSF statistics released by the ATO shows younger generations continue to drive growth

The Australian Government's recently introduced changes to legacy pensions, impacting the way retirees manage their pension plans. These reforms aim to simplify the retirement income system, providing options for retirees to restructure or exit their legacy pensions, which were previously subject to restrictive rules. In our latest article, Nicholas Ali explored the key aspects of these changes, including the options available for affected retirees, potential tax implications, and how to approach the transition effectively. What are your thoughts on the reforms? #legacypensions

The impending Division 296 tax on earnings over $3 million has been mooted as 'modest' by the Government, but speaking at a recent The Inside Network event, there was a different view from planners on how this tax will impact their client base. Nicholas Ali has provided a breakdown response to the top five questions that were raised: 1. What is the logic behind the tax? 2. Why are unrealised gains taxed? 3. Why is the cap not indexed? 4. What are some strategies to minimise Division 296 tax? 5. Will this proposal ever become law? Stay ahead of the changes by reading the full article here below. #Division296 #FinancialPlanning #SuperannuationTax

Nicholas Ali, Neo Super’s Head of SMSF Technical Services recently spoke with The Golden Times about the consequences of taxing super balances over $3M. Ali argues this policy could have unintended negative impacts on a range of Australians, including small business owners and investors. Read the full article here:

Our very own Nicholas Ali during his final Practice and Investment Efficiency masterclass in Sydney last week. Thank you to The Inside Network for bringing together some brilliant minds to discuss pivotal topics impacting the industry. Nick's session on the proposed Division 296 $3M Superannuation Cap is timely and raises important questions and conversations for planners to be having within their practices and with clients. For those that couldn’t attend the masterclasses, get in touch with Nick directly at nicholasa@neo-super.com.au to discuss strategies to manage Div 296.

Great video featuring Mark Smith from Neo Super discussing the efficiencies that BGL Corporate Solutions Simple Fund 360 delivers to the administration of an SMSF.

Great masterclass session today held by the The Inside Network. The session is tailored for professionals at all levels in the wealth management sector, offering practical strategies to enhance their knowledge and improve client experiences. Today's session in Melbourne was the first stop of a national roadshow. Our own Nicholas Ali from Neo Super was one of the many great speakers on the day. If you are interested in coming along to these engaging sessions, please click on the link below in your relevant state to register.