Every self-managed super fund has a use-by date. Some people decide early on that the running costs or commitment required simply aren’t worth it. Others find the benefits of having an SMSF diminish as they age. A declining balance – courtesy of the forced minimum withdrawals – mean they’re simply not worth the trouble.
But as you’d expect, winding up your SMSF can be as complex and expensive as starting one up and managing it. Let’s try and simplify the process.