Indeed but it’s hard to start with, it’s the old saying ‘keep it simple stupid’ but as it’s so hard not enough can be bothered with the process.
Discussion
What’s missing from bitcoinsuper.io to make it easier?
Just the whole SMSF process is daunting. I paid my accountant to arrange of this for me, took weeks and weeks and in the end they said it couldn’t be done so I could add it to the ‘too hard basket’. Needless to say I quickly changed accountants after that!
The SMSF part was all done within a week for me.
Transferring out of my existing fund was what took months. In hindsight I should have done a partial rollover first rather than a complete exit.
I suggest taking another look at Andy's link.
Going with someone who has experience in the asset class makes it easier. Most accountants & financial advisors know little about bitcoin.
Oh no don’t get me wrong, it’s a great site but I was just saying that some companies doesn’t make it easy on the normal public when they don’t know about this site.
Yeah - they're incentivised to make it difficult for you to exit. There's also relatively few Australians asking for it (but growing every year).
It's definitely easier than it seems in the surface.
Even the audits aren't that difficult.