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.
When you get a licence for a safety deposit box at Kuber Vaults, you can rest assured that your valuable are safe and secure, and yet within your easy reach.
Kuber Vaults provides you access to your valuables 7 days a week. We also offer you after-hours access to your safety deposit box. Conditions and charges apply.
The premises of Kuber Vaults has 24-hour CCTV for constant surveillance of the facility and to ensure complete safety of your valuables.