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How It Works – International Shares


 
 
International Shares

A SMSF is permitted to invest in International Shares. To simplify the International Shares Account Application Process ESUPERFUND has established direct arrangements with Saxo Capital Markets allowing clients to easily apply for an International Share Trading Account through our website.

By using the Saxo Capital Markets Account ESUPERFUND is able to electronically access the transactions made by your SMSF in order to attend to the SMSF Annual Compliance Requirements. No records are required from you each year as we already have the data. It is important to understand that only electronic data files are provided to ESUPERFUND. We have absolutely no access to your Saxo Capital Markets Account and cannot actually login to your Broker Account to access the required data.

ESUPERFUND Clients are not permitted to invest in International Shares with Brokers other than Saxo Capital Markets. In addition clients are only permitted to invest in the US Market with Saxo Capital Markets and cannot trade in other International Markets. This is due the complexity involved in accessing the required data in the format required relation to trading activities, corporate actions, dividends and currency movements. We understand that whilst data may be provided, the data must be checked, reconciled and inputted. In many cases trades are settled in different currencies which need to manually converted to Australian dollars and reconciled. In addition in many cases research is required to determine the taxation implications of transactions in particular with regards to Corporate Actions and Dividends. This additional manual work is outside the scope of our low cost model offering.

No financial product advice or recommendation

No Advice Express or Implied: It is important to understand that ESUPERFUND has not taken into account any particular investor's objectives, financial situation or particular needs. ESUPERFUND does not provide financial product advice or recommend any financial products either expressly or implied. ESUPERFUND expressly states that it does not recommend, represent as suitable, or endorse any financial product or service available through ESUPERFUND. This applies in relation to the Saxo Capital Markets Account. ESUPERFUND does not advise or recommend that this product is suitable to a particular investor’s financial requirements or needs in relation to their SMSF. Any information provided in relation to the Saxo Capital Markets Account is factual information only about the operation of the account and how data is made available to ESUPERFUND. Accordingly you should read the disclosures relating to the Saxo Capital Markets Account before making any decision about whether the Saxo Capital Markets Account is suitable for your SMSF needs. We also recommend that you should seek professional advice from a financial adviser before making any decision to use the Saxo Capital Markets Account for your SMSF.


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