Cash can be held in bank accounts and invested in term deposits.
You may want to set up an SMSF so you can choose your own shares. Whether International or Australian, an SMSF can invest in listed or unlisted shares from anywhere in the world.
An SMSF can invest in a unit trust investment, however special rules apply depending on the structure of the unit trust.
Some people use their SMSF to invest in property. You can purchase residential or commercial properties both in Australia or overseas. Commercial properties can be leased back to members if they satisfy some required conditions.
Access to invest in your choice of managed fund (both Australian and international).
SMSFs can hold collectibles such as artwork, jewellery, antiques, coins, stamps, vintage cars and wine; however, there are very strict rules around holding these assets in your SMSF. The assets must be insured, and they cannot provide a present day benefit. This means that artwork cannot be displayed in your home or business, you cannot drive the vintage car, you cannot wear the jewellery or drink the wine.
Some SMSF trustees have taken an interest in investing in cryptocurrencies such as Bitcoin, Ethereum, Litecoin and Ripple. While SMSFs are not prohibited from investing in cryptocurrencies, as a trustee, you need to consider:
Fill in the enquiry form and we’ll be in touch.