Scamming is rife: Check your super balance now!

With millions of Aussies now registered for an early withdrawal of their superannuation funds, and scammers seizing on opportunities to empty retirement funds, RACQ has urged every Queenslander to check their super balance.

ABC reported sophisticated scammers were setting up fake myGov accounts with stolen identity records to complete the unauthorised withdrawals.

RACQ Bank spokesperson Lucinda Ross said victims of these scammers often didn’t realise their hard-earned retirement funds had disappeared until they received a suspicious email or checked their balance. 

“While many of us rarely check our super balance, it’s important we all jump online today to make sure nothing strange has happened to our funds,” Ms Ross said.

“You can also check your myGov account for suspicious activity. One of the first steps in these scammer’s strategy is to unlink your Australian Taxation Office account from your myGov account. 

“This allows them to relink it to a new myGov account and withdraw your funds without your permission. 

“Log on and review your settings to ensure everything is as it should be, and report anything that looks out of the ordinary as soon as you spot it.” 

For more information on how to secure your financial future and to protect yourself, visit RACQ’s Financial Wellbeing Portal.