🚀 “Can your SMSF buy cryptocurrency?” Absolutely — but only if you follow the rules.
Grant Abbott: Family Wealth Protection & AI Expert
[{'start': '1.600', 'end': '7.440', 'text': "hi it's Grant Abbott SMSF tax guru here and\xa0\ntoday we're talking about cryptocurrency"}, {'start': '7.440', 'end': '12.640', 'text': 'can my self-managed super fund invest in\xa0\ncryptocurrency absolutely the only thing'}, {'start': '12.640', 'end': '18.160', 'text': 'you got to be very careful about is essentially\xa0\nthe cryptocurrency you got to buy it directly'}, {'start': '18.160', 'end': '23.040', 'text': "from your coin exchange wherever you're getting\xa0\nit you can't transfer it in from yourself"}, {'start': '23.040', 'end': '28.960', 'text': "there's rules against the trustee of the fund\xa0\nwhich is yourself acquiring an asset off yourself"}, {'start': '28.960', 'end': '33.520', 'text': "unless it's business real property like a farm\xa0\nor bed and breakfast or stuff but cryptocurrency"}, {'start': '33.520', 'end': '37.600', 'text': "you can go out and buy it but you need to make\xa0\nsure you have a good investment strategy it's"}, {'start': '37.600', 'end': '42.160', 'text': 'a requirement each year to put in place an\xa0\ninvestment strategy inside the fund in this'}, {'start': '42.160', 'end': '46.800', 'text': "one you really need to make sure that you've\xa0\ngot one that really counts and looks at all"}, {'start': '46.800', 'end': '51.680', 'text': "the ins and outs of having a cryptocurrency\xa0\ninside the fund now I've seen some people make"}, {'start': '51.680', 'end': '57.760', 'text': "an absolute fortune on cryptocurrencies inside\xa0\nself-managed superanuation funds but then I've"}, {'start': '57.760', 'end': '62.640', 'text': "also seen people who have lost a lot of money so\xa0\nagain it's up to you that's the good thing about"}, {'start': '62.640', 'end': '67.680', 'text': "a self-managed super fund it's your investment\xa0\nyou make your investment decisions you're the"}, {'start': '67.680', 'end': '72.000', 'text': "best one and after all it is your money it's\xa0\nnot the government's money and it's not your"}, {'start': '72.000', 'end': '77.440', 'text': "employer's money it's yours and that's why\xa0\nan SMSF is so powerful Grant Abbott SMSF guru"}]