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Bitcoinist 2019-08-16 13:00:28

Australians Warned Over Cryptocurrency-Heavy Self Managed Pensions

The Australian Tax office has sent out 18,000 warning letters to Self Managed Super Funds (SMSFs). The letters target those who have invested over 90% of retirement funds in a single asset class, such as property or cryptocurrency. Breaking The Law with Cryptocurrency The letters from the tax office remind SMSFs that they have a ‘duty to comply with legal requirements to adopt investment strategies avoiding risky investments’. Not only is such an investment strategy arguablyRead MoreThe post Australians Warned Over Cryptocurrency-Heavy Self Managed Pensions appeared first on Bitcoinist.com.

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