In 2014, the Australian Taxation Office (ATO) issued two taxation determinations clarifying that Bitcoin and cryptocurrencies like Bitcoin are not money but are capital gains tax (CGT) assets. This new development now legally allows for Self Managed Super Funds (SMSF) to invest and transact in cryptocurrencies.
NGSCrypto has worked closely with industry leaders and appropriate governing bodies throughout 2018, successfully securing a positive key affiliate relationship with one of Australia’s biggest and most successful financial wealth analyst companies, who currently have over $1.5 billion under management. Through this partnership Australians now have the financial opportunity to explore and take full advantage of NextGen Systems unique investment model.
DID YOU KNOW?
What did your superannuation achieve for you last year?
Currently most superannuation funds are only achieving a 5-7 percent return, with some funds even experiencing zero or negative returns.
Are you on track with your super?
THE BENEFITS OF INVESTING YOUR SUPER WITH NGSCRYPTO
Returns on your superannuation are between 12 and 19 percent per annum.
All returns are paid DAILY in Bitcoin.
100 per cent of your initial investment is credited back to your NGS account at the end of your 36-month agreement, for you to either withdraw or re-invest
$0 upfront fee to transfer your superannuation across, which can costs thousands.
Frequently Asked Questions
Can NGS consultants offer financial advice?
Can I withdraw my superannuation returns at any time?
Can I withdraw my superannuation returns back to my personal wallet or exchange account?
Can I add additional funds at anytime?
Are my returns based on the price of Bitcoin rising in value?
Do I own the computer equipment at any stage?
Can I cancel?
How much does it cost to transfer my Superannuation from managed to self-managed?
How much will it cost me upfront to move my superannuation across to NGS key affiliate?
For further information you can visit the ASIC and ATO websites.
The information is factual information only and does not constitute general or personal advice