Whether you're starting to think about retirement or simply don't have the time to manage paperwork anymore, there are a number of reasons why you may decide to wind up your self-managed super fund (SMSF) and transfer your money to a super fund like QSuper.

How to close your SMSF

If you want to close down an SMSF, you must let the Australian Taxation Office (ATO) know within 28 days. Winding up an SMSF can have an impact on your retirement savings so it's important to seek financial advice and plan an exit strategy before you make the decision to leave. Keep in mind that once an SMSF has been wound up, it can't be reactivated. For detailed information about winding up your fund, go to the ATO website.

Deal with assets

When closing an SMSF, you need to make sure you dispose or sell off all the assets of the fund, bearing in mind you may be required to pay capital gains tax (CGT) on any earnings.

Arrange an audit

You must arrange an audit to be completed by an approved SMSF auditor and finish any outstanding paperwork or reporting before you can lodge your final SMSF annual return.

Lodge SMSF annual return

Once your audit has been completed, you need to lodge an SMSF annual return. This is used to report any super regulatory information, member contributions, and pay the SMSF supervisory levy.

Transfer your super

Complete a Consolidate with QSuper form (pdf) to transfer your SMSF money to us. Until 1 October 2021, you can also use the ATO's Rollover benefits statement (NAT70944) form (pdf). If you're at your access age, you could also receive the money directly.

Rolling your money to QSuper

Once your SMSF has been wound up, transferring your benefits to QSuper is easy.

Join us

If you aren’t already a QSuper member, it takes less than five minutes to sign up online.
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Complete form

Complete our Consolidate with QSuper form (pdf). Until 1 October 2021, you can also use the ATO's Rollover benefits statement (NAT70944) form (pdf) and send it to us. Some important QSuper details you might need when filling out the form.

Send it to us

If you email our Consolidate with QSuper form (pdf) to us, your transfer will occur electronically. You can also post it to us if you prefer, but this will take longer.

If you use a Rollover benefits statement (NAT70944) form (pdf), please post the form with a cheque payable to QSuper for the amount being transferred to us at:

GPO Box 200
Brisbane QLD 4001

We’ll send you a letter once the money has been received to your QSuper account and you’ll also be able to see this when you log in to Member Online.


Industry-leading investment performance

No matter how involved you want to be in investing your super, we aim to provide strong, long-term performance and investment options that are tailored to your needs.

If you still want to take control over your investments, our Self Invest option lets you decide how you invest your super without having to worry about the administration, compliance and reporting obligations you would usually take care of yourself with an SMSF.

Investment options

Pay yourself a regular income

If you’ve retired, our award-winning Retirement Income account can turn your retirement savings into a regular income. Enjoy life after work, with tax-free investment returns and withdrawals after age 60.

And our award-winning Lifetime Pension is designed to work with it, providing tax-free income payments for life. See if you're eligible.

Find out why thousands of Australians have partnered with QSuper in retirement.

Why retire with QSuper

Why transfer my money to QSuper?

Profit for members

Being a profit-for-members fund means that we don't have shareholders, so our interests are aligned with yours.

Award-winning

We have been recognised for value for money by receiving SuperRating's Best value for money Platinum Performance rating for 15 years in a row.2

#1 in member satisfaction

Across the 15 largest super funds, QSuper ranks the highest for member satisfaction with financial performance.1

100 years strong

We're proud to help more than 600,000 members feel good about their future.

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More information

Contact us for more information about rolling over your SMSF to QSuper.

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1. Roy Morgan, Superannuation Satisfaction: Satisfaction with Financial Performance of Superannuation in Australia. 6 months to April 2021, n=19,117. Base: Australians aged 14+ with work based or personal superannuation. 15 largest super funds based on customer numbers.
2. The rating is issued by SuperRatings Pty Ltd ABN 95 100 192 283 AFSL 311880 (SuperRatings). Ratings are general advice only and have been prepared without taking account of your objectives, financial situation or needs. Consider your personal circumstances, read the product disclosure statement and seek independent financial advice before investing. The rating is not a recommendation to purchase, sell or hold any product. Past performance information is not indicative of future performance. Ratings are subject to change without notice and SuperRatings assumes no obligation to update. SuperRatings uses objective criteria and receives a fee for publishing awards. Visit superratings.com.au for ratings information and to access the full report. © 2021 SuperRatings. All rights reserved.