Top Tips for Self-Managed Super fund Investments

​What is a Self-Managed Super Fund (SMSF)?

An SMSF is a private and self-managed superannuation fund, regulated by the Australian Taxation Office (ATO).  SMSFs can have up to four members and all members must be trustees. The trustees are responsible for any decisions made about the fund.

Top Tip: Set up costs and running expenses can be high, so it is more cost-effective to have a large balance.

Investing in Collectables & Personal Use Assets

Many people choose to invest their SMSF in collectibles and personal use assets. Examples of collectables and personal use assets include: 

• Diamonds
• Jewellery 
• Gold
• Silver
• Bullion
• Vehicles
• Boats
• Wine
• Artworks

For more information, visit the ATO's webpage on Collectables & Personal Use Assets 

Important SMSF Rules & Regulations 

Such SMSF investments must be made for genuine retirement purposes, no to provide any present-day benefit. For instance, if you invest your SMSF into a piece of art, it must not be put on display in your house, as that is considered a present-day benefit. View the ATO's webpage on Display or Storage.

Furthermore, the law states that anything you have purchased in the name of the superfund must be insured and it must be insured in the name of the superfund. Such items cannot be insured under your contents insurance - it has to be a separate policy in the name of your superfund. View the ATO's webpage on SMSF Insurance.

What does Quantum offer?

Quantum Underwriting Agencies provides insurance for self-managed superannuation funds in the form of purchased assets, including, but not limited to:

• Specie
• Numismatic
• Philatelic
• Diamonds and gems
• Fine art collections
• Antiques
• Valuables
• Memorabilia and Collectables

We can provide cover in:

• Fine art storage
• Vault storage
• Private premises
• Commercial premises
• Transit
• Exhibition
• Lease

Top Tip: From an insurance perspective, it may more cost-effective to store your purchased assets in a bank vault or safety deposit box, rather than at home. Storing such items at home will most likely be more costly. 

For more information about our SMSF insurance, please view or download the following:

• Private Vault Proposal Form
• SMSF Brochure