When winding up your SMSF, there may be outstanding or final expenses that need to be paid before the fund is wound up.

These may include:

• final invoices
• expenses due to asset sales, and
• outstanding tax liabilities (such as PAYG instalments and PAYG withholding).

To find out the balance of any accounts the ATO hold for your SMSF:

• log in to Online services for business, or
• contact the ATO or your tax professional.

The fund can’t be closed if there are any credit or debit balances remaining on the accounts.