Self Managed Super Fund’s (SMSFs) are funds usually established by an individual or family as a means of looking after their own super savings. All members of an SMSF are trustees and are responsible for investment decisions and compliance with super and tax law.
Latest scam alert - SMSF scam
ASIC has advised that scammers are calling or emailing Australians targeting them to set up a new SMSF. The scammers may look like a legitimate Australian company by using a similar business name, website and email address.
If you are unexpectedly contacted by a person claiming to be a financial adviser or from a company that can help set up a SMSF, be cautious, it’s likely to be a scam.
For more information about:
- SMSF scam visit the ASIC website
- Investment scams visit the Australian Government Money Smart website
- How to protect yourself from scams
