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All you need to know about your Super Fund account

 

How can I purchase crypto-assets with my Self-Managed Super Fund (SMSF)?

Using an SMSF, you can gain exposure to crypto-assets as part of your long-term wealth strategy. To do this safely and correctly, there are a few important steps to follow. Because crypto-assets carry specific risks, your first priority should be confirming that your fund’s trust deed and written investment strategy allow for these investments. You must also ensure that any crypto-asset holdings in your SMSF comply with all relevant regulatory requirements.

 

Why purchase crypto-assets via an SMSF?

Many people choose to hold crypto-assets in their SMSF to seek potential long-term returns and add diversification to their retirement portfolio. This is a developing area, and Wealth99 is here to help you navigate the marketplace with clarity and confidence.

 

Can my SMSF purchase crypto-assets?

More than 10,000 SMSFs have already invested in crypto-assets. The Australian Tax Office (ATO) does not prohibit SMSFs from doing so, provided the following conditions are met:

  • The investment is permitted under the fund’s trust deed.

  • The investment aligns with the fund’s documented investment strategy.

  • The fund complies with all SISA and SISR regulatory requirements.

  • The investment satisfies the sole-purpose test.

 

Taxation and benefits of an SMSF  

Crypto-asset gains and losses are generally treated as capital gains and losses by the ATO. When you dispose of crypto-assets – including selling them or swapping one crypto-asset for another – you trigger a capital gains tax (CGT) event. If the transaction results in a profit, CGT may be payable.  

Within an SMSF, these gains are usually taxed at a concessional rate rather than your full individual tax rate, which is one of the key potential benefits of holding crypto-assets through your fund. For detailed, up-to-date information, please refer to the ATO’s guidance. here.

 

Can I mix my SMSF crypto-asset holdings with my personal crypto-asset holdings?

All SMSFs must satisfy the sole-purpose test. This means the fund must exist solely to provide retirement benefits to members, or benefits to their dependents if a member dies before retirement.

Any personal use of crypto-assets acquired by the SMSF would breach this requirement, as those assets must remain completely separate from your personal holdings. While it is technically straightforward to transfer crypto-assets from your SMSF to a personal account, doing so would be treated as providing a personal benefit and would result in a breach of the sole-purpose test.