The promoters of these schemes tell individuals they can help them access super savings to pay off debts, buy a house, or go on a holiday.

These schemes are illegal and severe penalties apply if your clients illegally access their super early.

Participants in these schemes have also been victims of identity theft.

We are working with the Australian Securities and Investments Commission (ASIC) to bring criminal charges against scheme promoters.

For more information, see Beware of promoters offering early access to super.