Keeping your assets safe in secure SMSF storage is an important requirement for any self managed super fund (SMSF) investor. A self managed super fund is managed by members or trustees for their own benefit and are solely responsible for complying with super and tax laws.
SMSF assets that fall under the Collectables and Personal Use Asset category are required to be insured and stored in an endorsed, independent and secure facility with regular audits in line with the SIS Regulation 13.18AA. This includes items such as collectables, coins and banknotes, jewellery and gold and silver bullion. Imperial Vaults are not only able to provide secure storage for your assets but we can also arrange insurance and regular audits upon request - a service bank vaults do not provide.
Why store your SMSF with us
In-House Bullion & Numismatic Services
Our SMSF Storage Services
One of the key responsibilities of having an SMSF is ensuring proper and accurate tax and super records are kept. Audits are required each year with certain documents required to be kept on record for 5-10 years.
Imperial Vaults are able to facilitate independent reviews upon request for all items stored in your safety deposit box or bullion safe. Our process has been specifically designed to comply with annual reporting requirements for Self Managed Super Fund (SMSF) auditors and administrators.
All SMSF assets that fall under the Collectables and Personal Use Asset category must be insured within 7 days of purchase. Protect your assets and future investments with ease and at a fraction of the price with our insurance cover. This is a service that is not offered by bank vaults.
The Imperial Vaults insurance cover is underwritten by the world’s largest insurance provider, Lloyds of London, providing you with the best insurance cover at a fraction of the cost of an independent policy.
To increase your cover or to find out more information on our policy, simply call us on (07) 3152 6161 or ask us during your next appointment.
Bullion & Numismatic Investment Services
As part of the Imperial Group, our customers are able to access bullion and numismatic products and services with ease through our group partners, Imperial Bullion and Imperial Coins.
Our customers are able to buy and sell premium bullion, arrange audits and valuations and utilise our logistics services. When purchasing bullion, Imperial Bullion will deliver your assets fully insured directly to our vault facility free of charge. Bullion assets can be sold back to Imperial Group without them needing to leave the premises. All of these services can be arranged during your visit to our vault facility.
Gain access to the numismatic products and services of Imperial Coins such as PCGS coin grading, coin rolling, premium products and access to the Imperial Coins monthly auctions. These services can be accessed during your visit to our vault facility.
Choosing to secure items owned by your SMSF in a private vault facility provides the highest level of protection for your assets. Our vault facility in Brisbane was designed for the sole purpose of securing valuables with the infrastructure constructed of concrete and reinforced steel walls that incorporates multiple layers of security including 24-hour surveillance and detection systems, biometric scanning, staff presence, dual key systems and stringent security measures. Our vault facility will withstand all natural disasters such as fires, floods and earthquakes and reduce the risk of theft or tampering.
What items are Collectables and Personal Use Assets?
Below is a list of some of the items that fall under the Collectables and Personal Use Assets category that you can invest with your self managed super fund and store in our private vault facility. Not all items under the Collectables and Personal Use Assets category can be stored in our facility such as large artworks or wine. For the full list of items that you can invest in for your SMSF, click here.
Coins and Banknotes (if their value exceeds their face value)
Gold and Silver Bullion
Bullion Coins (if they exceed face value and are traded at a price above spot price)
Postage Stamps or First-Day Covers
Rare Folios, Manuscripts or Books
What are the rules and regulations when investing in Collectables and Personal Use assets?
There are a number of rules and regulations that you need to adhere to when it comes to investing in Collectables and Personal Use assets for your SMSF.
Your investment items must be for genuine retirement purposes and not provide any present-day benefit.
These items cannot be leased to (or part of a lease arrangement with a related party), used by a related party, or stored or displayed in a private residence of a related party.
Your investment must comply with relevant investment restrictions such as the sole purpose test.
Deciding on the storage location of your item must be documented and recorded in written form and kept.
Your item must be insured within 7 days of purchase in the fund’s name.