With our automated portfolio management, you can time your regular investment plan with your employer super contributions. To start investing through your Australian SMSF in cryptocurrency, all we need from you is:
Any SMSF investors intending to sign up to Bamboo and invest in Crypto should seek professional advice to independently assess their personal circumstances.
A self-managed super fund (SMSF) is a way of saving for your retirement. The difference between an SMSF and other types of superannuation funds is that the members of an SMSF are usually also the SMSF trustees.
This means the members of the SMSF run it for their benefit and are responsible for complying with their trust deed and also super and tax laws.
The Australian Tax Office doesn’t classify Cryptocurrency as currency. Therefore any sale of crypto assets from an SMSF will trigger a capital gains tax event. The tax consequences of a capital gain from a SMSF’s crypto investment will depend on how long the asset was held and if it is in pension phase or accumulation phase.
Capital gains will be taxed at 15% if held for less than 12 months and for long-term investments an effective tax rate of 10% will be applied.
The SMSF trustees are responsible for ensuring that the SMSF’s cryptocurrency investments comply with the Fund’s trust deed and investment strategy. The super laws require trustees and fund members to ensure their fund’s assets are held separately from personal assets.
Investing in cryptocurrencies carries risk, as with any other form of investment. Some SMSF expenses can be claimed as a tax deduction, however, costs involved in trading cryptocurrencies can’t, instead it forms part of the assets cost base.
It is best to seek professional advice around your personal or business investments and investments relating to your retirement savings.
Use leftover change to access crypto micro-investments with round-ups.
Visit pageChoose when and how often you top up your investment portfolio.
Visit pageCustomise a portfolio across Bitcoin, Ethereum, Gold and Silver Standard options.
Visit pageUse leftover change to access crypto micro-investments with round-ups.
Visit pageChoose when and how often you top up your investment portfolio.
Visit pageCustomise a portfolio across Bitcoin, Ethereum, Gold and Silver Standard options.
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