Frequently asked questions
How do I buy bitcoin and other cryptocurrencies with my super?
In Australia right now, the only way to buy crypto currencies with your superannuation is through a self managed superannuation fund (SMSF). New Brighton Capital offers an end to end service from setting up a regulated SMSF all the way to video instructions on opening your dedicated SMSF account at your preferred crypto exchange . You can still be invested in the traditional stock market and also hold other assets like gold, silver, art or real estate.
Do I have to close down my other super accounts if I have a SMSF?
No. If you like your fund and its performance / benefits you can just withdraw a portion of the funds to allocate to crypto through a SMSF.
Isn’t it expensive to set up and run a SMSF?
Not necessarily. All costs are paid by your super (upfront fees are paid back to you when you receive your rollover). Also, through economies of scale and our network we can set up a fully compliant and regulated SMSF from $1600 upfront and can perform all required compliance, audit and tax returns on your SMSF for $150 a month. You can also have up to 4 members in the one SMSF so sharing the costs makes it even cheaper. Check out our pricing schedule here. Those thinking about starting an SMSF should come to their own decision in deciding if the costs to set up run an SMSF make sense for their situation and objectives. You should understand that you currently pay fees in retail superannuation funds.
Am I stuck with New Brighton Capital if I set anything up through you?
No. New Brighton Capital has no control over your funds. You are not tied to us in any way. After establishment fees are paid from your super there are no lock in contracts.
How long does it take to set up a SMSF?
While we can establish your SMSF within 24 hours, it can take some time to get ATO approval, open a bank account and receive your rollover. On average, you can expect to have funds in your SMSF bank account ready to invest within 2 weeks. However, hold ups can occur. See here for more information on possible delays.
How do I get started?
Before setting up your SMSF check out the NEED TO KNOW and Pricing page. If that all makes sense, then you can set up your SMSF by filling in the form HERE. If you would like more info, just call or email us via the contact page or book in a time that suits you for a free no obligation chat.