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Home / SMSFs / SMSF admin and compliance / Q&A: I’m 60. What happens to my super when I wind up my SMSF?

Q&A: I’m 60. What happens to my super when I wind up my SMSF?

Garth McNally
Garth McNally
Q&A: I'm 60. What happens to my super when I wind up my SMSF?

Q: I am 60 years old, still working and planning to close my self-managed super fund (SMSF). What will happen to my super balance after I close it?

A: So this is putting the horse before the cart, Erlita. You certainly won’t be able to actually close or what we call wind up your SMSF until all the member’s benefits which are held within the fund have actually been dealt with.

About the author

Garth McNally
Garth McNally
Garth has worked in the Australian Superannuation industry for over 20 years with a specific focus on self-managed super funds. He provides ongoing support and training to individuals as well as to professionals working in the superannuation area, including advisers, accountants and lawyers. He is a regular contributor to industry publications and to the leading professional bodies including Chartered Accountants Australia & New Zealand (CA ANZ).
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