This week’s market update has a distinctly local focus, looking at using superannuation to invest in pink diamonds.
Based on the feedback we regularly receive, this is a subject that we know is of huge interest to our client base, which is no surprise given that superannuation is in many cases becoming the largest financial asset most Australians are building.
Below, we discuss the trends in the superannuation space, along with a statement released by the Australian Taxation Office (ATO) regarding purchasing pink diamonds inside a SMSF.
Please do note, the following is for informational purposes only, and does not constitute financial advice, either general or specific. You should assess whether the information is appropriate to your individual financial circumstances before making an investment decision.