Top 6 tips when winding up your SMSF
They need to take specific steps to formally wind up their fund and there are smart ways to do it. Tip #1 – Watch the rules for pensions Often, SMSFs that are wound up are paying pensions to one or more of the members. Winding up the fund will mean terminating (commuting) the pension(s). There’s a special rule when a pension finishes : a pro...
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