Australian tax Authority Warns Retirees Against Risky Cryptocurrency Investments
In a bid to remind 18,000 retirees under Self Managed Super Funds (SMSFs) of their legal duty to invest their retirement savings cautiously, the Australian Tax Office (ATO) has begun sending stern letters to some of these individuals whom have chosen to spend over 90 percent of their retirement savings in a single asset class such as cryptocurrency, reports Micky on August 16, 2019.
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