Margaret was recently contacted by someone claiming to be from the ATO handing out ‘Hardship Grants’. Margaret gathered as much information as she could about the caller and then hung up after identifying the call as a scam. Drew explains how to identify a scam and where to report it.
With tax time in full swing, the number of scams on the go has also increased and some of them are quite slick. Drew explains why these scam emails look so legitimate and how to differentiate from the real thing.
A new measure will ensure that significantly more unclaimed super will go to the Australian Tax Office (ATO). The decision to lower the threshold at which lost superannuation accounts are automatically transferred to the ATO was announced yesterday.
The recent share market plunge will have knocked 3 to 5 percent off super fund balances and with Australians on average having four super accounts, this is a large proportion of your retirement income. Now is the time to consider consolidating your superannuation and saving on fees.
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