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.