Host Adam Hills and team captains Myf Warhurst and Alan Brough, who have starred on the Australian music quiz show for seven years, said that they feel like now is the "right time" to stop filming.
In an official statement published by The ABC, Hills said: "I have loved every second of my involvement with Spicks and Specks, and especially working with Alan and Myf. We always said we wanted to leave when we were on top and while we were still having fun, and now feels like the right time.
"We are indebted to our loyal fans for giving us seven amazing years on Australian television, and I hope they'll hold the memories of Spicks and Specks close to their hearts."
Warhurst added: "I've worked with an incredible team of people, both on and off screen, and, miraculously, managed to keep a job on TV for seven years, on a show that people love.
"I've been lucky enough to experience many great things... and met many of my childhood musical crushes. Life can't get much better than that, so this seems like the perfect time to wind things up."
Brough added that he would rather fans be upset that they stopped the show "a little early" than be upset because they "stayed far too long".
The show won a Logie Award this year for 'Most Outstanding Light Entertainment Programme'. Hills was also nominated for the prestigious Gold Logie award but lost out to breakfast TV star Karl Stefanovic.
The final episode of Spicks and Specks is scheduled to screen in November this year.
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