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If you identify any other outstanding compliance issues you should voluntarily disclose them without waiting for your SMSF auditor to advise the ATO.
You can do this by contacting the ATO through their early engagement and voluntary disclosure service.
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 | |||||||||||||||||||||||
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