Another trend we’re seeing in SMSF is increasing investment in cryptocurrencies. This currently sits at over $1.6 billion, representing a 576 per cent increase since March 2021. An SMSF can also invest in private equity opportunities, unlisted and listed shares, and you get your franking credits too. You might also be surprised to learn about some of the borderline ridiculous things Australians own in super funds. Think collectibles such as signed cricket bats and antique cars, fine wine, paintings and even racehorses (just to be clear, I am stating what you can do, not necessarily what you should do). The earlier you start, the more you can potentially benefit from this dynamic financial tool. So, when is the best time to start one? As a financial adviser, I get asked this a lot, and while tax office data reveals that 75 per cent of Australia’s 1.1 million SMSF members are over 50, the truth is age has nothing to do with it. It’s more about the right opportunities presenting themselves. The specific scenarios and use cases where an SMSF can work best for younger wealth accumulators typically involves business owners, high-income earners, or those with large existing super balances.