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I’ve finally made the decision to setup SMSF (Self Managed Super Fund Australia Pension Account - like the 401k) to acquire more BTCs,

My accountant think I’m crazy. 🤪 I love hardcore stuff! I should’ve made the decision earlier and bought it when 16k but that time I was still learning about BTC. I’m now have more than 2 years of studying BTC.

Now, I’m going to put everything in BTC because there is no SECOND best! Anything that can’t be controlled or destroyed is the best of all things in the world!

If BTC goes to ZERO then let it be!

🧡🫡🇦🇺

#nostre #btc #bitcoin #australia #pensionfund #smsf

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Discussion

Speedster 1y ago

Great news please post updates on how you go, I want to copy your move. I get the ability to roll over mine in a year from now.

curt finch 1y ago

good luck. your timing could be a little better of course

OZBTC 1y ago

Sure! But there’s the steps:

1. Set up SMSF.

2. Rollover Funds from Retail Fund’s Bank Account

3. Set up Exchange account that supports SMSF

4. Send Funds to Exchange

5. Buy as desired.

6. Secure as desired.

Speedster 1y ago

Can you hold the bitcoin in the SMSF on a hardware wallet you hold and then just provide the accountant/auditor with the address so they can verify the funds haven’t been moved? What are the rules on distribution rates once you retire? Thanks

Den Yellek 1y ago

You can hold on a hardware wallet and distribution is the same as any other asset in your super.

Speedster 1y ago

Thanks Den

OZBTC 1y ago

Yes thats pretty much it. Hold it until you are 65yo then you can withdraw it anytime with super income stream or lumpsum tax-free

Speedster 1y ago

Thanks for your explanation, best of luck to you.

Caleb ☧ 1y ago

I’m currently looking into this as well.

Who did you choose to go through for assistance/setup?