Ferguson Cannon Self Managed Superannuation Funds

Winding up your Self-Managed Superannuation Fund

For a number of reasons SMSF Trustees may be required to wind up a Self-Managed Superannuation Fund. If this time comes, there are a number of considerations which must be addressed in order to wind up the fund including:

The ATO must be given appropriate notice;
The appropriation of the fund’s assets and members benefits according to superannuation law and the Trust Deed. This may include the provision of an eligible termination payment or the rolling over of benefits to another super fund.
Final auditing and reporting requirements for the fund.

Serious penalties may be imposed if the winding up of a self-managed superannuation fund is not procedurally correct. After appropriate financial advice has been received, the team at Ferguson Cannon Lawyers is able to guide you through the legal requirements of winding up an SMSF.

Please contact Byron Cannon or Sam Barber on (07) 5443 6600 or by email for all your SMSF needs:

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