The ATO has launched a new text message alert service from February 2020 for SMSF trustees. These messages are legitimate and are not scams. However, if you are unsure please check with us in the first instance.
The most common reason the text message or email has been triggered is due to a change of details as part of the lodgement of the SMSFs annual return. If you know your SMSF return has recently been lodged with the ATO, this is likely the cause of the ATO SMS alert.
ATO messages will never ask you to reply by text or email or to provide personal information, such as your tax file number (TFN) or your personal bank account number or BSB.
Details of the ATO SMSF Change of Details Text Message
The service will issue text message alerts to trustees of a self-managed fund when any changes are made to key details relating to that fund.
This includes changes to the SMSF’s:
- financial account details
- authorised contacts
- electronic service address (ESA) for Superstream for superannuation guarantee payments
More information can be found here:
Unfortunately, it is entirely foreseeable that scammers will replicate the ATO alerts to trick people into giving access to their data. As always, please remain vigilant and never click links that may be suspicious or provide personal details without confirming the identity of the person/organisation from where it originated.
The information provided should not be considered personal financial advice as it is intended to provide general advice only. The content has been prepared without taking into account your personal objectives, financial situations or needs. You should seek personal financial advice before making any financial or investment decisions.