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Illegal Early Access To Super

Illegal Early Access To Super

When running your self-managed super fund (SMSF) it’s important to know that accessing your super can be illegal at times.

You should also be wary of people, known as ‘promoters’ who want to help you set up an SMSF for the purpose of illegally accessing your super.

As a trustee of a SMSF it is your responsibility to ensure that if you are accessing your super early, you are doing this within super laws.

To make this easier for you, we have recently released a factsheet Accessing your super early may be illegal (PDF, 157KB). The fact sheet highlights what you need to know about accessing your super early and what to do if you get approached by a promoter.

Don’t forget for more information for SMSFs

You can keep up to date with our recently published SMSF news and alerts or you can subscribe to SMSF news for a monthly wrap-up of news and updates.

Source: ATO

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