Abstract. The performance of new techniques developed for Small Angle Neutron Scattering (SANS) is illustrated by investigations on magnetic colloids. Polarised neutrons ("SANSPOL") are introduced as a special type of contrast variation for magnetic systems. Examples of diluted magnetic systems are reviewed where low magnetic contrasts had to be analysed beside strong nuclear contributions or vice versa. In Ferrofluids magnetic core-shell composite particles and magnetic aggregates could be precisely evaluated beside non-magnetic micelles and free surfactants of similar sizes. In more concentrated Ferrofluids an external magnetic field induces a pseudo-crystalline ordering which coexists with chain like arrangements of particles. Ordering and relaxation processes of magnetic moments in nanoparticles have been monitored by time-resolved SANS. Slow relaxation of magnetic particle moments onto equilibrium has been studied after switch off a static field. In stroboscopic experiments, time-frame data acquisition has been synchronized with a periodic external magnetic field. When a continuous neutron flux was used in conventional SANS, the shortest accessible time range was limited to about 3 ms resulting from the wavelength spread. A breakthrough of time resolution into the micro-second range was achieved with the pulsed frame overlap TISANE technique, which allows us to exploit a dynamical range similar to that of X-ray photon-correlation spectroscopy. The analysis of time-dependent SANS data as a function of frequency, field and temperature allowed i) to determine the underlying statistics describing the particle moment orientation, ii) to extract the effect of field-induced inter-particle correlations, iii) to monitor the slowing down of the dynamics of moment rotation with decreasing temperature, iv) to study the effect of freezing of the solvent on the dynamics of the particle moments, and v) to work out the possible relaxation mechanisms (Néel and Brownian).