The super gap
On average, women retire with 47.5% LESS SUPER than men. Around one in every three women, retire with no super at all. And 80% of women won’t have enough super to live comfortably in retirement.
There are a host of different reasons why women end up with less super than men. But the main ones are:
There are a range of things that women and couples can do to reduce the super gap.
Because women are more likely to take time off to look after children, it can really pay to put extra money into super early in your career, and after you return to the workforce.
The Government has three key schemes in place to help low and middle income earners save more super:
It can be well worth taking advantage of these if you are earning a lower income, taking a break from the workforce or working part-time.
It sounds simple, but having just one super account can mean you retire with more.
Plus, combining your super is easy.
When you're saving for your future, it pays to get advice. It’s cost-effective and your first meeting is a free fact find session - make the most of it and see a planner today!Talk to us
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