Can you stuff your mattress with SMSF cash?

SMSF technical expert and columnist for The Australian newspaper
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Legions of investors love cash.

I don’t mean money deposited with the bank or old currency that’s classed as a collectible. I mean notes and coins that are current legal tender.

For some, their love of cash is cultural. For others, it might be the feeling of safety or power that piles of cash gives them. For example, they might think the financial system will imminently come crashing down and don’t want to lose their deposits if their bank collapses. Or alternatively, they might be keen to avoid a mooted bank deposit tax.

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