Promoters often present SMSF schemes as legitimate investment opportunities. They may promise high returns, tax advantages, or early access to super. Some arrangements use complex structures to make the offer look compliant − even when they breach the law.
Your SMSF must operate solely to provide retirement benefits. Arrangements that divert funds for other purposes put those benefits, and your fund’s compliance, at risk.
Be cautious if an offer:
- sounds unusually profitable or low risk
- promises access to super before you meet a condition of release
- involves complex or artificial structures you don't understand
- pressures you to act quickly
- requires you to move super into a newly established SMSF for a specific investment.
For practical tips on handling high-pressure sales tactics, see MoneySmart’s guidance on protecting your super from pushy sales callsExternal Link.
Before committing your funds, take time to do your own checks. Review common SMSF schemes and warning signs on our website and confirm how the arrangement complies with super and tax law before committing your funds. You should also check whether the adviser or promoter holds appropriate registration by searching the ASIC Financial Adviser RegisterExternal Link or the Tax Practitioners Board registerExternal Link.
Promoters may advertise their arrangement as ATO-approved. We do not approve specific investment products or schemes.
If someone approaches you about a suspicious scheme, report it confidentially using our tip-off form or by calling 1800 060 062. Early reporting helps us disrupt schemes and protect other trustees.
Taking time to check before you commit helps protect your retirement savings and the integrity of your SMSF.
Looking for the latest news for SMSFs? You can stay up to date by visiting our SMSF newsroom and subscribingExternal Link to our monthly SMSF newsletter.