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You can request specific advice on how the super laws apply to a specific SMSF transaction or arrangement.
Last modified: 11 Jul 2024
Winding up a self-managed super fund (SMSF)
| Steps | Progress | |||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
When should I wind up my SMSF? |
3 mins | |||||||||||||||||||||||
Have a plan for when to wind up your SMSF |
2 mins | |||||||||||||||||||||||
Prepare an exit plan |
2 mins | |||||||||||||||||||||||
How to wind up an SMSF |
1 mins | |||||||||||||||||||||||
Check your trust deed |
1 mins | |||||||||||||||||||||||
Get written agreement |
1 mins | |||||||||||||||||||||||
Sell or dispose of your fund’s assets |
1 mins | |||||||||||||||||||||||
Finalise outstanding tax and compliance obligations |
3 mins | |||||||||||||||||||||||
Pay outstanding expenses and tax liabilities |
1 mins | |||||||||||||||||||||||
Calculate and distribute member benefits |
5 mins | |||||||||||||||||||||||
Complete a final audit |
1 mins | |||||||||||||||||||||||
Lodge your final SMSF annual return (SAR) |
1 mins | |||||||||||||||||||||||
Notify third parties |
1 mins | |||||||||||||||||||||||
Close your SMSF bank account |
1 mins | |||||||||||||||||||||||
Keeping SMSF records |
2 mins | |||||||||||||||||||||||
Consider professional advice |
2 mins | |||||||||||||||||||||||
Help and more information |
3 mins | |||||||||||||||||||||||
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Related courses |
1 mins | |||||||||||||||||||||||
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