Nurses Warned Of Super Scams
Type: Union News Subject: Professional Issues
5 September 2007
Nurses and aged care workers are being targeted by superannuation scams that are robbing people of their hard-earned money.
The Australian Tax Office and the Australian Securities and Investments Commission have jointly warned Australians against the scams in which people are charged up to 30% of their total superannuation balance in return for gaining early access to their superannuation money.
ASIC advises that you can get early access to your superannuation in exceptional circumstances and that this should not incur a significant fee.
ASIC executive director, Greg Tanzer, warned that certain professions are being targeted including nurses and aged care workers. He advised people to always use financial companies that have an Australian financial services licence.
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