CRYPTO SMSF
Reasons to choose
Need to Know - SMSF Crypto
In 2014, the Australian Tax Office approved cryptocurrencies as an investment option for trustees of a SMSF.
Cryptocurrency, such as Bitcoin has become increasingly popular among SMSF investors, however, it’s extremely important to understand your duties and obligations as the director of a SMSF.
Our team of qualified professionals can help you get set up with a SMSF for crypto investing and ensure your your SMSF investments comply with the ATO’s rules and regulations.
Once we receive your online application we supply the following:
- SMSF Consultant every step of the way.
- Supply you with the SMSF Trust Deed.
- All required documentation to appoint Trustees.
- Make an application to the ATO on obtain a Tax File Number & Australian Business Number for your SMSF.
- Supply you with “minutes” documents acknowledging your SMSF has been established.
Other things to be aware of include ensuring that your SMSF complies with the ATO’s rules and regulations is essential. Secondly, you should be aware of cryptocurrency’s taxation implications. Lastly, you should ensure that your SMSF has adequate liquidity to manage the volatility associated with cryptocurrency investments.
Our team of qualified professionals can help you get set up with a SMSF for crypto investing and ensure that your SMSF investments comply with the ATO’s rules and regulations.
FAQs
Can my SMSF invest in Crypto?
Yes, your SMSF can invest in crypto. There are specific crypto trading platforms that allow for SMSF crypto investing. Do your research before selecting an appropriate trading platform and best to ensure it has an Australian operation.
When and how do I pay tax on the cryptocurrency gains made throughout the financial year?
Our team of accountants will be in contact with you at the end of financial year complete your annual tax and audit ( see pricing page for details)
Capital gains tax ( 15% ) is paid at the end of the financial year when we complete your tax return.
Do New Venture Wealth have control over my assets or the investment strategy?
No. We do not offer any financial advice or have any control of your assets. All investment decisions are made by you and must be detailed in an ‘investment strategy’.
Can I store my crypto assets in a cold storage wallet? ( ie. nano ledger or trezor)
Yes. We highly recommend purchasing a cold storage device to keep your assets ‘safe’ and ‘off’ exchanges.
*Please keep SMSF crypto assets on a separate ledger from your personal ledger
To discuss your options with a SMSF expert or Chartered Accountant book in your free consultation here.
Need to Know - SMSF Crypto
In 2014, the Australian Tax Office approved cryptocurrencies as an investment option for trustees of a SMSF.
Cryptocurrency, such as Bitcoin has become increasingly popular among SMSF investors, however, it’s extremely important to understand your duties and obligations as the director of a SMSF.
Our team of qualified professionals can help you get set up with a SMSF for crypto investing and ensure your your SMSF investments comply with the ATO’s rules and regulations.
Once we receive your online application we supply the following:
- SMSF Consultant every step of the way.
- Supply you with the SMSF Trust Deed.
- All required documentation to appoint Trustees.
- Make an application to the ATO on obtain a Tax File Number & Australian Business Number for your SMSF.
- Supply you with “minutes” documents acknowledging your SMSF has been established.
Other things to be aware of include ensuring that your SMSF complies with the ATO’s rules and regulations is essential. Secondly, you should be aware of cryptocurrency’s taxation implications. Lastly, you should ensure that your SMSF has adequate liquidity to manage the volatility associated with cryptocurrency investments.
Our team of qualified professionals can help you get set up with a SMSF for crypto investing and ensure that your SMSF investments comply with the ATO’s rules and regulations.
FAQ's
Yes, your SMSF can invest in crypto. There are specific crypto trading platforms that allow for SMSF crypto investing. Do your research before selecting an appropriate trading platform and best to ensure it has an Australian operation.
Our team of accountants will be in contact with you at the end of financial year complete your annual tax and audit ( see pricing page for details)
Capital gains tax ( 15% ) is paid at the end of the financial year when we complete your tax return.
No. We do not offer any financial advice or have any control of your assets. All investment decisions are made by you and must be detailed in an ‘investment strategy’.
Yes. We highly recommend purchasing a cold storage device to keep your assets ‘safe’ and ‘off’ exchanges.
*Please keep SMSF crypto assets on a separate ledger from your personal ledger
To discuss your options with a SMSF expert or Chartered Accountant book in your free consultation here.
Book a Free Consultation
We provide a FREE 30 minute online SMSF consultation to help you discover how to own crypto through a self managed super fund.
Get In Touch
SMSF specialists – Making SMSF set up, accounting and auditing easy
Get In Touch
- 1300 050 939
- info@newventurewealth.com.au
- 805/220 Collins St, Melbourne. 3000
Operating Hours
- Monday 8:30 am - 5:30 pm
- Tuesday 8:30 am - 5:30 pm
- Wednesday 8:30 am - 5:30 pm
- Thursday 8:30 am - 5:30 pm
- Friday 8:30 am - 5:30 pm
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