Consider who you need to advise when you wind up your SMSF.
Make sure you notify:
- any employers making contributions to your fund, and
- your fund’s SMSF professionals – for example, your tax agent, auditor, and financial adviser.
If your fund has a corporate trustee structure and the corporate trustee was only set up for the purposes of the SMSF, you will need to notify ASIC that the company needs to be deregistered.
Last modified: 16 May 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 | ||||||||||||||||||||||
Course Feedback |
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