Busted! Scam myths

We’re serving up the truth about some common scam myths that you might have heard, especially around tax time.

Busted Scam myths

Myth 1: Only older people get scammed

  • Busted! Last year people aged 25 to 34 lost the most to tax scams, followed by those aged 18 to 24. Tax scams target everyone. If you get a phone call from the ATO and it doesn’t sound right, hang up and phone us to double-check.

Myth 2: Scams are easy to spot

  • No, they’re not! Scams aren’t always full of typos and bad grammar. Tech advancements mean scams, including tax and super scams, are hard to identify. Whenever you get an SMS or email, stop and think before you click a link.

Myth 3: Tax scams only happen at tax time

  • Wrong. While you might be focused on getting ready to lodge your tax return, scammers work hard all year round. We see different types of tax and super scams throughout the year.

Be a ‘scambassador’ and talk to your colleagues about tax and super scams you’ve heard about. Sharing this information could help them the next time they get a suspicious phone call or email.

Source: ato.gov.au July 2022
Reproduced with the permission of the Australian Tax Office. This article was originally published on https://www.ato.gov.au/Newsroom/smallbusiness/General/Busted!-Scam-myths/

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CFP® Dip FP
Authorised Representative 298494
Interprac Financial Planning Pty Ltd 

Darryl Jopling

Senior Adviser

I have worked in the financial services industry since 1982 and as a Financial Adviser since 1999.

I have worked for large Financial Planning businesses, Membership based organisations and looked after the financial planning needs of clients within an Accounting Practice before starting my own business.

I am married, have 4 older children and a grandson and I am keen golfer with mixed results like many .

I have been through many of the strategies I talk with clients about myself and with my family.

I have been through the journey of seeing my parents move into Aged care and negotiated the difficulties and pitfalls of understanding the system for them and this gives me an excellent insight into what is required to assist families at this difficult time.

In a previous roll I used to run retirement seminars looking at Centrelink and Retirement Incomes and how to make these work for you. I have helped many of my clients with Aged Care advice when their parents needed to move into Nursing Homes. For many clients I assist them with superannuation, building wealth and protecting their loved ones with insurance.

I am supported by his, Licensee, Interprac Financial Planning’s in-house resources and ongoing technical, systems and training.

I am committed to understanding your needs and identifying strategies and products to help you achieve your goals.

My guiding principle as an Adviser is to design plans which help to provide my clients with clarity of purpose and the opportunity to build a solid financial foundation.
I will take the time to listen, explain things clearly and keep you informed throughout the advice process.

My experience is complemented by professional qualifications including:

  • Certified Financial PlannerTM Professional
  • Diploma of Financial Planning

At Choice Financial Advice we work with you along the way on life’s journey.

Whether you are getting married, starting a family, embarking on the trip of a lifetime, planning to enjoy your years after work or assisting elderly parents with Aged Care and Nursing Home placements, we can help.