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Watch Out For Illegal SMSF Super Schemers

The ATO has reported that it has seen an increase in SMSF schemes that target Australians planning to retire. Illegally accessing your super fund early can result in severe penalties, fines and even jail time.

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Australian Superannuation Myths: What You Need to Know

Most Australians will rely on their superannuation to fund their retirement. Superannuation is a percentage of your salary that’s collected as part of your income tax and put into a fund that you will be able to access after your preservation age. However, the effectiveness of superannuation is widely misunderstood.

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