Guide to self-managed superannuation funds

Complete your reporting responsibilities

You need to lodge your SMSF annual return and complete all labels at item 9, 'Was the fund wound up during the income year?'

You must also finalise payment of any outstanding tax liabilities at this time and lodge any outstanding returns from previous years.

	For more information, refer to Self managed superannuation fund annual return instructions (NAT 71606). If you need to lodge a return for any year before 2008, call us on 13 10 20 for help.
	It's important to wind up your fund correctly. If you don't lodge the required reports it's likely our compliance team will contact you to do so. If you fail to carry out these responsibilities, you may be selected for further compliance activities. You may also be subject to penalties.

Confirmation of your wound up fund

To confirm that you've met all of your tax responsibilities, we'll send you a letter stating that we have:

• cancelled your SMSF's ABN
• closed your SMSF's record on our systems.

Don't close your SMSF bank accounts until you've received this confirmation from us - otherwise you won't be able to bank any refund you're entitled to.

Self-managed super funds - home

Sections within Winding up an SMSF

• Notify us
• Deal with members' benefits
• Arrange a final audit of your fund
• Complete your reporting responsibilities