“Your professional status in the community means people pay attention to your perspective so take the opportunity to bust myths and help people understand when they can legitimately access their retirement savings from an SMSF,” the ATO said.

According to the Tax Office, SMSF professionals should be on the look out for registrations that don’t “look or feel right for your client”, and question their reasons for setting up an SMSF.

Among the suggested questions are whether they understand what they're getting into, know when they can legitimately access their super and are aware of the financial costs associated with doing something illegal.

“Non-lodgement and financial difficulties are also warning signals that your clients might be facing difficulties,” the ATO said.

“If you see clients in this situation, reach out and remind them of their obligations and the rules.

“Professionals can use their insights into specific client's circumstances and help resolve any issues early, as well as making good use of our voluntary disclosure service and lodgment deferral services.”

The Tax Office also suggested that tax and super professionals utilise its fact sheet on illegal access to super as a “starting point for a conversation with your clients” to ensure they understand when a member can legally access their super, while also warning against the dangers of promoters.

It also encouraged professionals to report any promoters of illegal access to super schemes using its tip-off form.

The ATO has made illegal early access to super a priority recently, particularly around newly established SMSFs.

At the SMSF Association conference in February, ATO deputy commissioner of tax Emma Rosenzweig announced that for 2020, the ATO estimated $380 million of super was illegally withdrawn by SMSF trustees.

The figure would have been closer to $500 million, Rosenzweig said, if the regulator had not protected more than $125 million leaving the system as part of its new registrant risk reviews.

In 2021 it was estimated more than $255 million of super was illegally accessed with almost $170 million additional protected at registration.

“This illegal early access estimate allows us to measure the size, scale and trajectory of this risk, as well as gather intelligence to help address this issue and early indicators suggest that illegal early access behaviour is still prevalent in 2022 data,” Rosenzweig said.