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  • George Gervais

Scam warning for superannuation...

As a result of widespread changes triggered by the COVID-19 pandemic, there is a heightened risk that scammers will seek to take advantage of people’s uncertainty in an effort to embezzle and steal from Australians. 

At these times, especially when people may be considering accessing some of their superannuation under special early release provisions, increased levels of watchfulness and scrutiny need to be applied by everyone.

What to look out for:

  • Suspicious calls from unknown persons claiming to be a financial adviser or investment manager trying to obtain your personal information;

  • Any unsolicited advice from a third party (via phone or email) that is not your super fund;

  • Being pressured into taking action over the phone; and

  • Investment opportunities that promise a high return with little or no risk during this time.

What you can do:

Never give out your super account or bank account information, including your tax file number or myGov details to any unknown caller.

If you think a scammer has your details, update your passwords and PINs for myGov, your superfund and any other services you think may be at risk as soon as possible.

If you think a scammer has contacted you:

You should also report them to the ACCC via the report a scam page.

For tax related fraud, contact the ATO (13 10 20) or the financial regulator, ASIC (1300 300 630).




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