Members of the public are advised that the Australian Tax Office (ATO) is currently seeing an increase in phone and email scams involving fake superannuation investments.
Scammers pretending to be financial advisers or superannuation experts are encouraging people to invest their super in a supposedly high performing self-managed super fund (SMSF).
In reality, the scammers are transferring victims’ super into bank accounts they control, and using the information provided to steal victims’ identities.
It’s a good idea to check who you’re dealing with before providing any personal or financial information.
If you receive an SMS, email or letter from the ATO about an SMSF that you didn’t initiate, the ATO encourage you to call them on 13 10 20.
More information can be found on the ATO’s website, www.ato.gov.au/scamalerts.
For further information on scams affecting South Australians, please visit https://www.police.sa.gov.au/scams