Prepare an exit strategy

Even when you’re setting up your SMSF you need to consider what happens when the SMSF ends, or ‘winds up’.

Consider including specific wind-up requirements in your fund’s trust deed. This would cover the events that could lead to the fund winding up and how members’ super will be paid out or rolled over in those circumstances.

*reprint from the Australian Taxation Office

Create and Protect Financial Planning
Create and Protect Financial Planning group helps you set realistic lifestyle and financial goals and provide you with advice on strategies to achieve those goals. This can include managing debt, budgeting, investments, superannuation, retirement planning, risk management and estate planning.

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