Below is an email I sent to Simple Fund Desktop clients today.
If this affects you, please speak to your BGL account manager
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I am writing to advise you of the future of your BGL Simple Fund Desktop software.
As you would be aware, there will be a number of significant changes to superannuation law in the 2021 calendar year. These changes include indexation of the pension cap of $1.6m, Superstream Rollovers and the ability to have 6 members in an SMSF.
BGL has made the decision to not make these changes to Simple Fund Desktop and therefore 30 June 2021 will be the last tax release of Simple Fund Desktop.
BGL launched Simple Fund Desktop in 1997. This software has had an incredible life but eventually all good things must come to an end.
BGL will continue to support Simple Fund Desktop clients. No date for the cessation of support has been set and we know it will take a while for all clients to move to Simple Fund 360.
What’s next?
Simple Fund 360 is the natural move for Simple Fund Desktop clients. Migration is seamless and ALL data and reports are migrated from Simple Fund Desktop to Simple Fund 360, meaning you do not lose ANY of your valuable data.
To prepare for your transition to Simple Fund 360, it’s best to start early by:
- Reaching out to your Account Manager
- Preparing your funds for migration
- Signing up to Simple Fund 360
- Setting up your data feeds
My Account Management and Client Success Team are here to help make your move absolutely seamless. I have asked them to reach out to you in the coming weeks to help you get started but if you would like to contact us, please call on 1300 654 401.
Finally, let me thank you for being a Simple Fund Desktop client. For many of you, I know Simple Fund Desktop has been a part of your lives for a very long time. I hope Simple Fund 360 will help you continue this remarkable experience
