So you’ve decided it’s time to call it quits on your self-managed super fund. Here’s a checklist of everything you need to do to wind up your SMSF:
- Have you had a look at what the trust deed says about winding up the fund?
- Have you ensured there’s enough funds in the SMSF to pay any final tax or expense obligations, prior to withdrawing/ rolling over your super?
- Has an approved SMSF auditor completed the final audit?
- Have you and your accountant completed and lodged the SMSF’s last annual tax return, and importantly, deregistered all the relevant entities?
- Do you need to lodge a transfer balance account report?
- Has all the outstanding tax been paid?
- Have you rolled over/withdrawn any tax refunds? You need to do this as soon as you receive the refund.
- And finally, once the ATO have confirmed that the fund’s ABN is cancelled, have you closed the fund’s bank account?
As illustrated above, there’s plenty to do but the good news is that we’re here to help you every step of the way. We’ll do it all for you and get it done in under 30 days.
So let’s get the ball rolling. Get a quote in under 30 seconds now.