Investing with your SMSF

Who is responsible for the SMSF investments?

The trustees of the SMSF are responsible for the investments made by the fund. Unlike APRA regulated industry and retail super funds, members of an SMSF are not entitled to compensation if they are the victim of fraud or dishonest conduct by a third party.

Is there a restriction on what percentage I can invest in each stock / ETF?

No. There is no restriction to the investments of an SMSF, provided the investments align with your SMSF investment strategy.

Does my SMSF need to be diversified?

The regulations require SMSF trustees to consider diversification as well as risk, liquidity, ability to pay benefits and whether to hold insurance on behalf of members.

Can I invest into bitcoin and crypto currency with Stake Super?

Whilst Stake’s platform does not provide bitcoin or crypto currency products, the investments available to an SMSF are wide-ranging so there is nothing preventing an SMSF from investing in crypto assets or any allowable investment. Investing outside of the Stake platform will incur additional fees as per our Stake Super Fee Schedule.

In addition the administration time required by you as a trustee will increase.

How does my SMSF move funds to USD?

Funds can be moved to USD via the Stake app or website.

What happens if I invest outside of the Stake platform?

There is nothing preventing an SMSF from investing in any allowable asset. Investing outside of the Stake platform will incur additional fees as per our Stake Super Fee Schedule.
In addition the administration time required by you as a trustee will increase.

Can I use a different bank account for my Stake SMSF cash account?

In general the investments available to an SMSF are wide-ranging so there is nothing preventing an SMSF from using a different bank account. Investing outside of the Stake platform (which includes holding an additional bank account external to the Stake platform) will incur additional fees as per our Stake Super Fee Schedule.

Can my SMSF pay for a Stake Black subscription?

Yes. The Stake Black subscription fee can be debited directly from your Stake Super account.

Can my SMSF pay for investment or stock research subscriptions?

Yes. All invoices should be issued in the name of the SMSF.

Do I need to use Sharesight for my SMSF portfolio?

With all Stake Super customers we will take care of the reporting after the end of the financial year. This includes calculating any capital gains / losses on your Stake portfolio in Australian dollars as well as recording all dividends and tax credits. We need to undertake this reporting to accurately prepare the SMSF EOFY accounts.
If you want to track your SMSF portfolio before the end of the financial or use other financial reporting and tracking tools that is entirely up to you, but there is no requirement to do so.

Can my SMSF pay me for managing my investment portfolio?

No. SMSFs cannot pay their trustees for carrying out their duties which includes the management of their SMSF portfolios.

Can my SMSF claim a tax deduction for the Stake FX fees?

No. The nature of these fees (FX spread) means that they are not tax deductible. They are simply absorbed into the currency conversion.

This question has been answered in further detail by the ATO here: Forex Fee Expense Claim, specifically: “Even though there may be an identifiable component of the transaction amount that is clearly attributable to a bank (FX) fee, the legal nature of this transaction does not involve a bank (FX) fee. You also have to account for any gains or losses on the basis that there is no bank(FX) fee.”