What is a
Self Managed Superfund?
A Self-Managed Super Fund (SMSF) is a private superannuation fund that gives its members greater control over their retirement savings. In an SMSF, members are also the trustees (or directors of the corporate trustee) responsible for managing the fund in accordance with superannuation laws*. SMSF companies may not actively promote or invest in bullion, as traditional financial products often generate commissions,
Which Assets Can I Purchase with my SMSF ?
A Self-Managed Super Fund offers a wide range of investment options, here are common assets that can be purchased within an SMSF
- CASH
- BULLION
- CRYPTO
- STOCKS
- BONDS
- PROPERTY
Why Should you invest in Precious Metals with your SMSF ?
1. Diversification
Gold and silver may act as a store of value and provide stability during periods of economic uncertainty and financial market turbulence.
2. Tangible Assets
Holding physical gold or silver provides the satisfaction of owning a tangible asset, for investors who prefer assets they can see and touch.
3. Safe-Haven Assets
Precious metals offer a diversification opportunity beyond traditional asset classes and can help spread risk and reduce the impact of volatility in other sectors.
4. Lack of Counterparty Risk
Precious metals have historically served as a hedge against inflation. As the prices of goods and services rise over time, the value of gold and silver may also increase, helping to preserve purchasing power.
How to purchase GOld & Silver in Your SElf Managed Superfund
As Good As Gold Australia is committed to providing an easy and hassle-free experience for our clients purchasing gold and silver through their SMSF. Our experienced and knowledgeable staff are always happy to assist to answer questions about setting up a SMSF or purchasing gold, silver and platinum and will guide you through every step of the purchasing process.
When purchasing precious metal with AGA, we require certain identification documents regarding your SMSF in order to complete the transaction - these documents include the front few pages and signing pages of your Superannuation Trust Deed. These days, a PDF version of the SMSF Trust Deed is the simplest format of identification. We also require an identification for every Trustee/Shareholder/Member of the SMSF – a driver’s licence will suffice.
If your SMSF has a Corporate Trustee (Pty Ltd), we will also require a company statement/extract from ASIC showing the shareholder(s). Once these documents have been provided to our team, an invoice will be generated for the precious metals purchase in the name of your SMSF. All further purchases will be completed without requiring full identification paperwork.
As a tangible asset, physical gold and silver can provide a hedge against economic uncertainty and increasing inflation. AGA offers a wide range of the highest quality pure gold and silver products that are perfect investments in your SMSF.
At As Good As Gold Australia, we offer a range of premium-quality gold and silver bullion - we also offer our clients discounts on bulk product purchases.
wHAT coStS ARE aSSOCIATED WITH ESTABLISHING A smsf ?
Depending on the individual requirements to establish an SMSF, costs can vary from $1,500 to $3,000+ (ex GST).
The service to establish an SMSF should include an initial consultation session, financial strategy, Truste Deed, Company Trustee, ABN, TFN, rollover of funds from superannuation accounts, with assistance throughout the process to understand the SMSF obligations. Also included in the service is all compliance work required by the ATO and ASIC including tax returns, member statements and more. AGA partners with tax accountants specialising in SMSFs – our partners are located in most Australian states/cities. Auditing costs and the annual ATO fee are generally charged separately.
Our referral partners offer AGA clients a complimentary consultation to determine the appropriate SMSF structure for every individual and will explain, in detail, the annual costs. All costs associated in running the SMSF are tax-deductible within the fund, for example, annual auditing fees and costs for vaulting precious metals held within the SMSF.
Frequently Asked Questions
Navigating the intricacies of Self-Managed Superannuation Funds can be daunting. Whether you're a seasoned investor or just beginning to explore the world of SMSFs as wealth creation for retirement savings, our SMSF FAQ page is designed to provide you with valuable insights and answers to regularly asked questions.
Additional Resources
In addition to the information provided in our SMSF FAQ section, we encourage you to explore further insights and information from external sources to enhance your understanding of self-managed superannuation with the following recommended resources:
Australian Taxation Office SMSF
Latest ATO statistics show SMSFs on the rise - SMSF Adviser
- Melanie, Teacher
Victoria
Carmelle Pavan
General Manager, Victoria
AGA Australia
Self Managed Super Funds
Complimentary Consultation with our SMSF Experts
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