Replying to Avatar Speedster

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.
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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.

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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

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Den Yellek 1y ago

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

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Speedster 1y ago

Thanks Den

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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

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Speedster 1y ago

Thanks for your explanation, best of luck to you.