Lodge all outstanding annual returns, as well as the fund’s final return.

In your final SAR, complete all sections relevant to the fund’s wind up. This lets the ATO know it will be your final return and the ATO will adjust your SMSF supervisory levy.

You will need to complete the following:

• Was the fund wound up during the income year? (Section A)
  • If yes, on what date did the fund wind up?
  • Have all tax lodgment and payment obligations been met?
• Supervisory levy adjustment for wound up funds (Section D).

Lodging your final SAR will notify the ATO of your intention to wind up.

Once processed, the ATO will confirm your fund has been wound up by sending you a letter stating they have:

• cancelled your SMSF’s Australian business number (ABN), and
• closed your SMSF records on the ATO system.

Do not cancel your ABN - the ATO will do this for you.