The ATO has recently released an alert in relation to a new scam encouraging people to illegally access their super. They have advised that scammers are contacting people and providing advice that super can be accessed early (generally for a fee) to help purchase a car, pay debts, take a holiday, or to provide money to family overseas in need.
If you are approached by someone telling you that you can access your super early, the ATO has provided the following advice:
- You should not sign any documents nor provide them with any personal details;
- Stop any involvement with the scheme, organisation or the person who approached you; and
- Seek advice from a professional adviser or the ATO.
If you have any questions or concerns about when and how you can access your super, please do not hesitate to contact us.
Originally posted on the OakWealth Blog.