As you may be aware, there has been a strong trend of opening Self Managed Super Funds (SMSF) in Australia. Along with SMSF, there is evidence of holding precious metals (gold and silver) bullion or allowable valuable collectibles within them as part of a more balanced Super portfolio. While a preferred option for many, SMSF does come with its own set of rules and conditions for compliance.
SMSF rules (SIS Regulations) apply to collectibles such as art and jewellery. They also deem bullion coins in your SMSF to be ‘collectibles’ (and therefore subject to SIS Regulation 13.18AA) which relevantly requires them to beindependently stored in a secure storage facility.
If you are a Trustee for your Self-Managed Superannuation Fund (SMSF), you may be already aware of your increasing obligations when managing your SMSF’s investments; be it gold bullion, silver bullion, fine art, antiques, collectibles or diamonds. Here’s an overview of these conditions.
At Kuber Vaults, we offer you a complete package of services with regard to gold and silver bullion. SMSFs can get access to gold and silver bullion bars and coins through our partners, have it securely transferred direct to Kuber Vaults and then stored in your safety deposit box.
In addition, we can also organise auditing services and cost-effective insurance to enable you to annually report your SMSF.
A safety deposit box is a safe and convenient place to store important items that would be difficult or impossible to replace. The safety deposit box also offers privacy and security. While many people like to keep valuables close by in a closet at home or in an office, these places probably are not as resistant to fire, water and theft.Read More
Kuber Vaults offers a premium service, with free access to your safe deposit box 7 days a week. Unlike other providers, we are located in the Hills area and ideal for customers living in western Sydney.Read More
Important papers such as; originals of your insurance policy, birth/marriage/death certificates, original deeds/mortgage contracts. Other valuables such as special jewels, medals and collectable items, irreplaceable photos, video or pictures of your home contents for insurance purposes.Read More
A customer may access their safety deposit box during the business hours of operation which are 9.00 am – 5.00 pm Monday to Friday and 10.30 am to 3.00 pm on Saturday, Sunday and public holidays.Read More