Winding up a self-managed super fund

Download Winding up a self-managed super fund (NAT 8107, PDF, 558KB).

Commissioner's foreword

Winding up your self-managed super fund (SMSF) is the final stage of running your fund. As a trustee, you have certain responsibilities that you need to meet once you decide to wind up your SMSF.

It is important to make sure that all the fund's assets have been dealt with and that you meet all your reporting and administrative obligations.

One of these obligations is to let us know when your fund is being wound up. As the regulator of SMSFs, we need to know within 28 days of your fund being wound up.

Some other key activities you need to do include:

• dealing with member's benefits in accordance with the super laws and the trust deed of the fund
• arranging a final audit of the fund
• completing your reporting obligations with us and paying any outstanding liabilities.

If you need help with winding up your fund, you can contact us for advice about what you need to do.

Michael D'Ascenzo
Commissioner of Taxation