Keep your super safe from scams
Knowing what to look out for is the smartest move you can make for your super right now.
Super scams are on the rise, here's how to stay one step ahead.
smartMonday is committed to protecting our members from all forms of financial crime, including scams and fraud.
According to the Australian Competition and Consumer Commission (ACCC’s) Scamwatch, a scam is 'when someone deceives you into providing personal or financial information so they can steal from you'.
This is different from fraud, which is where a person ‘dishonestly obtains a benefit or causes loss’, and you may or may not be aware the conduct is occurring.
Examples of scams and fraud in super
ASIC’s MoneySmart website includes a list of superannuation-related scams that can occur, such as:
Phishing scams for your personal details
Encouraging you to open a self-managed super fund
Offering to get you access to your super early
What to do if you think you've been scammed
If you believe yourself or someone you know has been subject to a scam, you can:
Report it to us at 1300 614 644 or enquiry@smartmonday.com.au
Report it to ScamWatch
Report it to the Australian Financial Complaints Authority (AFCA).
Where to find more information
To learn about staying safe from scams visit Scamwatch or the Australian Competition and Consumer Commission (ACCC).
For more information on how we protect your account, read How we keep your super safe.