Invest in Crypto with your SMSF
Take diversification within your SMSF to the next level and include bitcoin and crypto with Virgo.
Crypto And SMSF In Australia
- Legal to include Crypto Investments with SMSF
- Offers same tax benefits as traditional investments
- Higher level of diversification
- ATO treats Crypto as Capital Gain Tax Asset
- Every crypto disposal is taxed
- Records need to be kept for every transaction
Benefits Of SMSF
- SMSF allows high level of diversification
- Diversification holds potential to improve trust’s performance
- Non-Traditional assets such as gold, diamonds, crypto
- Complying SMSF enjoy generous tax rates
- Low concessional income tax at 15%, long-term gains at 10%
- Pensions paid to beneficiaries are tax exempt
- Crypto investments allows for high returns yet also high risk
- Wide range of investments might reduce trust’s risk
- Trading with Virgo is easy, affordable and safe
SMSF Guidelines
- Separation of Asset
- Personal and SMSF assets cannot be connected or linked
- Individual and SMSF accounts necessary
- Sole Purpose Test
- No immediate benefit to members directly or indirectly
- Best to avoid Referral Programmes
- Arm’s Lengths Transaction
- All transactions must be made on commercial basis
- No transaction among members or relatives
SMSF Crypto Specific Guidelines
- Include and allow crypto investments in trust deed
- Ensure that investment strategy fits high volatility of crypto market
- Ensures adhering to ATO’s guidelines
- Valuation of crypto assets according to ATO’s guidelines
- Fair market value
- Closing value on June 30 on trading platform, like Virgo
Get Your Virgo SMSF Account
Step 1
Fill in Form
Step 2
Send Documents
Step 3
Verify Your Account
Step 4
Start Trading
Invest With Virgo
- Instant Funding and Withdrawal
- Local customer support
- Advanced Orders
- Secure and reliable
- High compliance
- Recurring Buys
- No transaction fees
- OTC service
- Tax Reporting Files
Our Values
Security
Virgo allows Australians to buy and sell cryptocurrencies and digital assets safely and easily. We utilize advanced technologies to secure your funds and information. You can fund your account and buy crypto with confidence.
Fairness
We provide easy access to crypto trading with attractive pricing by providing instant deposits, tight spreads, and high liquidity.
Professionalism
We are trusted and we operate diligently. Our company is externally audited and we hold the highest standard of legal compliance, business conduct and ethics.
Transparency
Your trust requires our transparency. We don't charge any deposit or commission fees and offer competitive spreads. The fee schedule is straight-forward so you know exactly what you pay and what you get.
Next Steps
Do you already have an SMSF?
Yes
No
Does your strategy include crypto?
Yes
No
Contact Us Today
One of our friendly customer support representatives is going to get in touch with you in the next 2 business days.
If Any Answer Is No
Based on your responses, we recommend reviewing our SMSF Guide for more information.
Frequently Asked Questions
Yes, the ATO allows SMSFs to invest in crypto as long as crypto is part of the trust deed and the investment strategy.
Similar to traditional SMSF, the separation of assets, sole purpose test, arm’s length transaction and other rules have to be followed.
Yes, the rule of separation of asset is extremely important and that means you need to open a new account that is registered on behalf of your SMSF.
The Virgo Group takes the safety and compliance extremely seriously and being part of an international team allows us to benefit from insights.
We will ask you to fill out a form to create your SMSF Virgo account. Besides that, we will need the SMSF name, trust deed document, ABN, trustee information and standard personal verification documents such as identity documents.
As always, it is advisable to store your crypto in a cold wallet that is not connected to the internet and therefore, less likely to be hacked.
