Winding up a SMSF

  • Check whether the trust deed has any information about winding up the fund
  • Payout or rollover all fund assets (leaving a sufficient amount to pay final tax or expenses if required)
  • Appoint a registered SMSF Auditor to complete the final audit
  • Complete the final SMSF annual return (including wind-up details) and lodge the return by the due date
  • Pay any outstanding tax
  • After the ATO confirmed the fund’s ABN is cancelled, close the find’s bank account
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