In current tough times, some people may be thinking about accessing their superannuation (super) early. Taxpayers may have been approached by a “promoter” claiming that members of a superannuation fund can withdraw their super or use their super or SMSF to pay off debts, buy a car or pay for a holiday.
The ATO warns taxpayers that this is Illegal.
Members need to meet strict guidelines in order to access their super early and accessing their super outside of these strict conditions is illegal.
WARNING : If a “promoter” gets a member to provide them with personal information they may also steal their identity.