Protecting yourself from super scams

Posted on January 13, 2021 by KAW Accounting

Superannuation is an attractive target for scammers as a significant volume of funds are placed into super funds by Australians.

There are some straightforward steps you can take to protect yourself from super scams.

Know the rules

Becoming familiar with the rules surrounding superannuation will alert you against scams which make false claims e.g. offering early access to your super
Keep up to date with the relevant authorities and so that you don’t put in your personal information into the wrong websites – always check that relevant institutions have verified their authenticity!

Check your balance and contact details

Check what your super balance is on a regular basis – if you notice something that doesn’t quite look right then immediately get into contact with your super fund and ask them about what could have happened.
Every once in a while, check that your super fund has the right postal address, email address and mobile number – this will help them get in touch with you if they spot any suspicious activity.

Stop identity theft

Taking the steps to stop identity theft will also help protect your super
This does not have to be all too complicated e.g. shred important documents, change passwords every few months, etc.

Free consultation

Finding an accountant that is the right fit can be difficult. We offer a one-hour free initial consultation to all new clients and interested parties seeking financial advice or wishing to find out more about the services we provide. This is your chance to find out what we can do for you before making any long term commitment. We look forward to assisting you with any financial, taxation or compliance needs.