There’s been much discussion regarding SMSFs investing in Bitcoin of late. We don’t make a judgement on the suitability of any SMSF investment so long as it’s legal. SMSFs are legally able to invest in Bitcoins but there are a few issues. SMSF Adviser published an excellent article on these which is available here.
Personal Concessional Contribution Misunderstanding
Each year we have a few instances where an SMSF member is informed by their personal tax accountant, that they can’t...