Winding down your SMSF

Retirement marks a significant transition, encompassing not only a shift in daily activities but also in financial management. 

For many, this includes the decision to wind down a Self-Managed Super Fund (SMSF). There are numerous reasons why you might consider this move: from the desire for a simpler life without the obligations of managing a fund, to changes in personal circumstances or health. 

Whatever your reason, understanding the process, particularly when it involves selling issuer-sponsored shares, is crucial.

Many retirees find that as their needs and circumstances change, the responsibilities of maintaining an SMSF become more challenging. 

Reasons for winding down your SMSF might include: 

• Cost efficiency: As the costs of compliance and professional advice rise, the financial benefits of self-management can diminish, particularly if your fund's assets are not large enough to justify the expenses. 
• Regulatory challenges: Keeping abreast of regulatory changes and ensuring compliance can become overwhelming. 
• Personal circumstances: Health issues, a desire to reduce personal workload, or changes in your financial goals can all necessitate a simpler investment approach. 

When it’s time to wind down your SMSF, selling off your assets, including any issuer-sponsored shares, is a key step. 

Issuer-sponsored shares are those not held under a broker’s sponsorship but directly with the company’s share registry. 

While many registries and brokers might shy away from dealing with these assets, especially in the context of an SMSF, One Off Trades specialises in this area, ensuring a smooth transition. 

Selling shares from your SMSF doesn't have to be a daunting task. Here’s how One Off Trades streamlines the process for you: 

1. Online share sale form: Begin by completing a simple form on the One Off Trades website. You’ll need your Securityholder Reference Number (SRN), which is key to identifying your holdings. 
2. Trust deed documentation: Provide a recently certified copy of your trust deed or super fund trust deed. One Off Trades will guide you on the specific pages needed to verify the trustees and the fund’s legitimacy. 
3. ID verification: A straightforward online identity check for each trustee ensures that all legal requirements are met without hassle. 
4. Efficient transaction timeframe: One Off Trades’ process is designed to be quick and efficient. Share sales are typically completed within one to two business days, with funds transferred to your designated bank account (registered to the SMSF) within three business days. 

Choosing to liquidate your SMSF shares can significantly impact your retirement planning, offering several benefits: 

1. Financial flexibility: Selling your shares allows access to funds for other investments or personal needs, giving you financial flexibility as your lifestyle changes. 
2. Risk management: Diversifying your investment portfolio by liquidating some assets can reduce risk and exposure to market volatility. 
3. Capital growth opportunities: By reinvesting the proceeds into different assets, you may stimulate capital growth, potentially enhancing your financial legacy. 

One Off Trades has earned a reputation as Australia’s most trusted sell-only broker in Australia, having assisted over 50,000 clients in selling over $400 million in shares since its inception. 

Winding down your SMSF and dealing with issuer-sponsored shares can seem complex, but with the right partner, it can be a smooth and strategic move towards a more relaxed retirement. 

The people at One Off Trades understand the unique needs of senior Australians and are committed to providing you with the simplest, most efficient issuer sponsored (SRN) share sale service possible.