Platinum/gold/silver bullion
Buying Bullion and Precious Metals in Your SMSF: Rules & Compliance
Investing in bullion and precious metals through a Self-Managed Super Fund (SMSF) is a popular strategy for diversifying retirement savings. Trustees can invest in gold bars, silver bars, and gold coins, provided they comply with SMSF regulations.
Compliance Rules for Holding Bullion in an SMSF
Unlike personal use assets, bullion is classified as an investment asset, meaning personal use asset rules do not apply. However, the in-house asset (IHA) rules apply if bullion is stored at a member’s home, trustee’s residence, or employer sponsor’s property.
While home storage is permitted, trustees must ensure the bullion is not used for personal purposes and is kept separate from personal assets.
Storage, Insurance & Compliance Requirements
To comply with SMSF rules, bullion must be:
✅ Stored securely – It should be kept in a dedicated storage facility, separate from personal belongings.
✅ Insured (optional but recommended) – While not mandatory, insurance protects against theft or loss.
✅ Properly documented – Trustees must maintain:
- A register of holdings
- Photographic evidence of assets
- Storage location details
- Insurance records (if applicable)
⚠️ Important: SMSF bullion cannot be stored in a shared safety deposit box with personal assets or documents.
Professional Storage & Custody Solutions
For hassle-free compliance, trustees may consider using ABC Bullion’s sister company, Custodian Vault, which offers:
✔ Secure storage & insurance
✔ Annual statements of holdings
✔ Independent audit reports
Using a professional storage provider ensures compliance and reduces the risk of audit complications.
Auditing & Valuation Requirements
To meet SMSF audit requirements, trustees must conduct regular stocktakes and valuations. Auditors will require:
📸 Photographic records of bullion holdings
📍 Storage location details
📊 Up-to-date market valuations
Failure to provide sufficient documentation may result in compliance breaches.
Thinking of Buying Bullion for Your SMSF?
If you’re planning to buy gold bars, silver bars, or gold coins for your SMSF, we can help! Contact us for expert advice on SMSF bullion investment compliance to ensure a smooth and hassle-free process.