Winding up an SMSF
All good things must come to an end. We manage the wind-up process for you
If an SMSF is no longer appropriate for you for whatever reason, it’s possible to pay out the funds or roll over to another super fund and then wind the SMSF up.
When winding up your SMSF, there are a number of requirements that must be followed to legally and effectively close the fund. You must:
- Follow the trust deed regarding winding up the fund
- Pay out all of the super
- Have an auditor complete the final audit
- Lodge the final SMSF annual return (SAR)
- Lodge the wind-up documentation
- Pay off any tax bills or liabilities
- Close the bank account
If only one member is wanting to leave the fund, and there will still be at least one member left, you do not have to wind the SMSF up. You can simply roll over that member’s share of the SMSF to another super fund. It’s possible that your SMSF may need to be restructured after the exit of a member, so keep that in mind.
We can take care of the entire winding up process for you, preparing and lodging all necessary documentation while managing the process. With the help of SMSF In Focus, you can wind up your self-managed super fund in the most effective, compliant, stress-free process possible.
Taking Care of Your SMSF From Beginning to End
Working with us is easy, fast and cost-effective
SMSF Setup
Correctly and compliantly establish your SMSF ready to invest for your retirement
SMSF Investment Strategy
Expertly designed around risk, liquidity, diversification and cash flow requirements
SMSF Loans & LRBA
Increasing borrowing capacity and sourcing the best loans to fund your investments
Annual Compliance Reporting
Maintain compliance with our accountants preparing annual accounts, tax return and audit
SMSF Insurance
Protect yourself, your loved ones and your assets with a comprehensive insurance strategy
Retirement Planning
Put a plan in place to create the income you need to fund your lifestyle goals in retirement
Pensions & Withdrawals
Access your SMSF with tax-effective income streams and withdrawals after meeting a condition of release
Winding Up an SMSF
Correctly wind up your SMSF according to the trust deed and compliance regulators
