Having access to a broad range of investment options is often a reason for starting an Self-Managed Super Fund (SMSF).
Through a SMSF you can invest in the usual investments such as managed funds, term deposits, shares and property. You can also hold alternative assets such as antiques and artwork.
The ability to choose your own shares may have been a driver for setting up an SMSF, but unless you have a lot of money to invest, you are unlikely to be as diversified as a fund manager, who has the advantage of using pooled funds to buy a broad range of shares.
Some people use their SMSF to invest in property. Contact us for more information on the rules around property investment within super and the costs involved.
Many SMSFs hold collectibles such as antiques, wine, artwork, coins, jewellery, stamps & vintage cars. But note, there are very strict rules on holding these assets in aSMSF.
These assets must be insured and they cannot provide a present day benefit. This means that artwork cannot be displayed in your home or business, you cannot drive the vintage car, you cannot wear the jewellery or drink the wine.