The following is a guidance on how to wind up a self-managed superannuation fund:

  1. Check Trust Deed regards to any specific requirement on winding up
  2. Check that all trustees have a written agreement to wind up the fund such as minutes of meeting
  3. Ensure all BAS are up to date and cancel ABN
  4. Ensure all assets and contributions have been dealt with
  5. Have your final account audited by an approved auditor
  6. Lodge final income tax return and pay outstanding tax and charges
  7. Notify ATO in writing within 28 days of the fund being wound up
  8. Ensure all other outstanding amounts are paid including tax liabilities and close bank account

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