Superannuation investment scam alert

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November 2021 phone and email scams – superannuation

The ATO is concerned about an increase in scams involving fake superannuation investments.

Scammers are phoning and emailing people, pretending to be financial advisers or super experts. They are encouraging people to invest their super in a supposedly high performing self-managed super fund (SMSF).

These scammers will […]

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Your SMSF investment strategy

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Have you reviewed your SMSF investment strategy?

Self-managed super funds (SMSFs) are required to prepare and implement an investment strategy to help meet their investment and retirement goals.

The investment strategy is not designed to be a ‘set and forget’ document but rather a strategy you continuously review to ensure you are meeting your retirement […]

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Increase In SMSF Membership

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Increase in SMSF membership receives royal assent

Treasury Laws Amendment (Self Managed Superannuation Funds) Bill 2020 received royal assent on 22 June 2021.

From 1 July 2021, self-managed super funds (SMSF) and small APRA funds (SAFs) will be able to have up to six members.

If you are considering expanding your fund, you will need to […]

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Scam alert: Self-managed super fund rollover

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ASIC aware of scams targeting Australians to establish SMSFs

People are cold-called or emailed and asked to transfer funds from an existing super account to a new SMSF.

The super balances are instead transferred to bank accounts controlled by scammers!

Be wary of being cold-called or contacted from people promoting SMSFs, particularly with promises of […]

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