Super and investment scams target your personal wealth by convincing you to invest in fake schemes and companies.
A super scam is when someone tries to access your super and withdraw your money. An investment scam is when someone tries to convince you that an investment is real, so you invest your money in whatever it is they are offering.
Common super and investment scams to look out for
Super scams
Scammers are using fake vouchers, financial assistance claims or general information as bait to ‘phish’ for your personal information, including your superannuation. They may try to contact you by cold calling or may send a text message or email containing malicious links.
Scammers can disguise themselves as well known businesses and government agencies such as myGov, the Department of Health and the ATO, to trick you into sharing your personal information. Once they have your details, they can pretend to be you and access your super.
Keep an eye out for any of the following:
Protecting yourself from scams
Having trouble trying to spot a super or investment scam? How can you help protect yourself from scammers?
The following is a list of key things you should be looking out for to ensure you don’t fall victim to a scammer.
Source: MLC
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