Wind up an SMSF

National Conference 2020

So it’s time for the SMSF to cease operating. The fund needs to be wound up.

It is not always a straightforward process and if done the wrong way at the wrong time can lead to unexpected outcomes for the trustees and members.

We will look at the important considerations to be addressed to avoid these problems and to ensure that there are no loose ends.

The session will include a checklist of issues which need to be considered by the adviser, accountant, trustees and members.

At the end of the session, you will be able to:

  • Understand the reasons why a SMSF needs winding up or to be considered;
  • Understand the consequences of winding up when completed incorrectly or out of sequence, and;
  • Understand the importance of explaining to clients the pathways to wind up at the time of commencing an SMSF.

The contents of this resource are taken to be correct at the time of publication.

Disclaimer: Technical Papers contain factual information only and are prepared without considering particular objectives, financial circumstances and needs. The information provided is not a substitute for legal, tax and financial product advice. The information contained in this document does not constitute advice given by the SMSF Association to you. If you rely on this information yourself or to provide advice to other persons, then you do so at your own risk. The SMSF Association is not licensed to provide financial product advice, legal advice or taxation advice. We recommend that you seek appropriate professional advice before relying upon the information in this technical paper. While the SMSF Association believes that the information provided is accurate, no warranty is given as to its accuracy and persons who rely on this information do so at their own risk. The information provided in this paper is not considered financial advice for the purposes of the Corporations Act 2001. © SMSF Association