Understanding Self-Managed Super Funds (SMSFs)
A SMSF is a type of superannuation fund that you control. Unlike traditional super funds managed by financial institutions, an SMSF allows you to make investment decisions tailored to your financial goals. This means you can allocate your superannuation savings to various assets, including Bitcoin.
Can I use my existing account for my SMSF? A separate AmberApp account for your SMSF is required to comply with the Sole Purpose Test.
How to Open an SMSF Account In One Business Day
Before you can open an SMSF account with AmberApp, you must first set up your SMSF Trust. If you need assistance, please reach out to [email protected] and we can connect you with our panel of specialist SMSF accountants who can guide you through the process.
Step 1: Apply for an SMSF account
To begin, you will need to gather and submit the following information in our SMSF Application Form:
Copy of the executed Trust Deed;
SMSF Details: Name, ACN or ABN, and registered address;
Dedicated Email Address: A separate email address specifically for the SMSF account;
For Corporate Trustees: A Company Extract document issued by ASIC;
Two Government ID documents for each beneficiary.
Step 2: Log In to Your Account
We will create your SMSF account and provide login instructions. Then you can start purchasing bitcoin and managing your investments.