Diversify your SMSF with crypto assets

Yes. SMSFs can invest in crypto assets such as Bitcoin when permitted under the fund’s trust deed and investment strategy, and where trustees meet their obligations under Australian superannuation and tax law. Trustees remain responsible for ensuring their fund is properly established and compliant. 

SMSFs must comply with Australian superannuation and tax law, including the Superannuation Industry (Supervision) Act (SIS Act). The Australian Taxation Office (ATO) regulates SMSFs, and trustees are responsible for meeting requirements such as maintaining asset separation, keeping appropriate records, and ensuring investments align with the fund’s investment strategy. For official guidance, trustees should refer to the Australian Government’s Superfund website.

Swyftx applies a layered security approach, including controls aligned with industry standards and cold storage practices to help protect customer assets. More detail is available on our Security page. Users also retain the option to withdraw assets to an external, self-custodial wallet at their discretion.

No. SMSF assets must be kept separate from personal assets. Depositing SMSF funds into a personal account can breach superannuation law and may result in tax and legal consequences. Trustees are responsible for ensuring SMSF funds are only used within appropriately structured SMSF arrangements.

Swyftx requires a copy of your SMSF Trust Deed. For more detailed guidance, please refer to our support article on setting up an SMSF account. Alternatively, you can book a consult with our SMSF specialists to better understand what may be required in your circumstances.

Setting up an SMSF generally involves steps such as establishing the fund structure, preparing a trust deed and investment strategy, registering the fund with the ATO, opening an SMSF bank account, and rolling over funds. Trustees often work with an accountant or SMSF professional to ensure the fund is established appropriately before opening investment accounts or making investments.

Chat to one of our SMSF account managers to understand the steps involved.

The cost of setting up a crypto Self-Managed Super Fund can vary depending on your structure and goals. When using one of Swyftx’s partner providers, setup costs typically range from $999 to $2,200 AUD*. Ongoing SMSF costs such as accounting, auditing, and administration should also be considered.

*Pricing is indicative and subject to change. For SMSF setup including corporate trustee. Bare trust setups excluded.

Crypto held within an SMSF structure may be stored in a hardware wallet, such as a Ledger device, which is commonly used for long-term holdings. However, the wallet must be used exclusively for SMSF assets, and trustees should ensure the storage arrangement is appropriately documented for audit and compliance purposes.

Crypto assets are not prohibited investments for SMSFs. Trustees may invest in crypto where it is permitted under the fund’s trust deed and investment strategy, and where the fund complies with relevant superannuation and tax law requirements.

Trustees are required to ensure SMSF assets are kept separate from personal assets. This typically involves using accounts and wallets established in the name of the SMSF trust and avoiding the use of personal accounts or devices for SMSF holdings.

Auditors commonly require records such as transaction histories, balances, and evidence of asset ownership. Exportable reports such as CSV transaction files and tax summaries can help trustees and their advisers maintain appropriate documentation for audit and reporting purposes.

Swyftx offers features that may support SMSF trustees, including structured account options, reporting tools, and security controls designed with long-term asset management in mind. Trustees should consider their own circumstances and obligations when choosing any platform.

While trustees can manage their own investments, many SMSF trustees choose to work with an accountant or SMSF professional due to the complexity of superannuation and tax obligations.