Neo Super

As younger Australians drive the rise in Self-Managed Superannuation Funds (SMSFs), the role of insurance within these funds is becoming more critical than ever. How does insurance like Permanent Incapacity and Total and Permanent Disability (TPD) coverage fit into the SMSF landscape, and what does it mean for trustees navigating life’s uncertainties?   Our latest article unpacks: • How insurance benefits are taxed and accessed within SMSFs. • Real-world case studies showing practical strategies for trustees. • With SMSFs offering greater control over superannuation, understanding the integration of insurance is a vital step in safeguarding financial futures.   Explore the full article below.   The team at Neo Super is here to provide expert advice on optimising your SMSF for both growth and protection.   #SMSF #NeoSuper #InsurancePlanning #FinancialConfidence

  2024 has been a big year with both our Neo Super team in Melbourne and Shape Super team in Perth, coming together as one National SMSF business to deliver exceptional service to all our valued clients.   On different sides of the country our respective teams caught up for lunch to celebrate the year that has been.   We thank all of our staff, clients, business partners and our extensive network for all their support and trust throughout the year.   2025 promises to be a huge year for our business with lots of initiatives, new service offerings and some exciting collaborations that we will announce.    We are genuinely excited about the opportunities that 2025 will bring.   Wishing you all a joyful festive season filled with love, peace, and more importantly a well-deserved rest to re charge and aim for even greater heights in 2025. Stephen Doulgeridis Neo Super Shape Super

Welcome to "Super Sessions with Shaun and Nick" – your go-to monthly podcast diving into all things superannuation!   Join Neo Super's Shaun La Motte and Nicholas Ali, two passionate industry insiders, as they break down the latest legislative updates, explore key themes shaping the superannuation landscape, and share insights to help you stay informed and empowered.   Tune in each month for expert analysis, practical tips, and the occasional dash of humour as Shaun and Nick tackle the topics that matter most to your super. Let’s get started!

The recent reforms to legacy pensions mark a significant shift for trustees, offering long-awaited flexibility to commute restrictive income streams. While these changes are a positive step, they come with critical complexities, including contribution cap considerations and Transfer Balance Cap (TBC) implications. At Neo Super, we pride ourselves on being at the forefront of SMSF expertise. Our team, including Head of Technical Services Nicholas Ali, is here to guide trustees and professionals through these changes with clarity and confidence. Read the article in SMSF Adviser for more of Nick’s insights into the change of law. #SMSFLeadership #LegacyPensions #NeoSuper

Significant news for SMSF Trustees, with the Treasury Laws Amendment for Legacy Retirement Product Commutations Bill now law. This offers much-needed flexibility for managing legacy pensions, with the reform allowing trustees to align their strategies with modern superannuation needs. Take Bill, for example: He has a complying lifetime pension valued at $600,000, with $300,000 in pension reserves. Under the new rules, Bill can commute his lifetime pension and use the $600,000 to commence a more flexible account-based pension, keep it in accumulation, or withdraw it as a lump sum. The $300,000 reserve can also be allocated to his member account without impacting contribution caps, providing additional strategic options. However, Bill must consider his Total Super Balance and ensure compliance with Transfer Balance Cap rules and reporting requirements. To discuss this turning point and how to navigate the changes, contact Nicholas Ali at nicholasa@neo-super.com.au.

Stay informed with our top 5 SMSF updates for November 2024, designed to keep trustees and professionals ahead in the evolving superannuation landscape. By Nicholas Ali

Last week Shaun La Motte Head of Strategic Advice and Planning attended and presented at the Association of Independently Owned Financial Professionals (AIOFP)’s 2024 National Conference in Canberra. Neo Super was a Platinum sponsor of the event. Over 100 delegates attended the two-day conference which consisted of a diverse range of informative sessions presented by a myriad of participants in the financial services industry. A key highlight was the pre-Conference dinner at the Mural Hall at Parliament House which provided a great opportunity for the delegates to network and get to know one another before the official start of the conference. Neo Super is excited to be working with all the member firms of the AIOFP and looks forward to being a great sounding board for all things SMSF.

As the proposed $3 million super tax faces yet another setback, Nicholas Ali, Neo Super's Head of SMSF Technical Services, warns the tax’s design continues to disadvantage SMSFs by targeting unrealised gains—an approach born of outdated industry fund systems. With the Senate deadlock and talk of an early election, the future of this flawed legislation remains uncertain. Read the full article in Financial Standard, If you want guidance or assistance, contact the Neo Super Team at neo@neo-super.com.au.

“Riddled with flaws and unpopular across the board, the proposal taxes unrealised gains to accommodate industry funds’ outdated systems, unfairly penalising SMSFs that can calculate realised gains with ease.” Neo Super, Head of Technical Services, Nicholas Ali said when speaking with AccountantsDaily, Christine Chen during the week on the government’s $3 million tax. With an election in the first half of 2025, there’s a real chance the tax may never become law.

Neo Super welcomes reports the government's $3 million superannuation tax, which was expected to come into effect 1 July 2025, may be shelved until after the next federal election.   In this Financial Standard article, Nicholas Ali, Head of SMSF Technical Services highlighted the broader implications of this flawed legislation, emphasising its potential to set a dangerous precedent for future tax reforms.   Read the full article below