You may need an SMSF professional to help you set up, run, and eventually wind up your fund.
While you can do a lot yourself, some professional support is mandatory.
Choose someone who is qualified, registered and licensed, as well as right for you and your circumstances.
Professionals |
How they can help you |
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Tax agents and accountants |
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Fund administrators |
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Legal practitioners |
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Financial advisers |
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Approved SMSF auditors (mandatory) |
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Actuaries |
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Last modified: 20 May 2024
Winding up a self-managed super fund (SMSF)
Steps | Progress | ||||||||||||||||||||||
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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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