Women and super
Women face unique challenges when it comes to money and super
The inequality surrounding women’s super has become widely acknowledged as women are retiring with just over half the super of men.
In 2015-16 men retired with an average balance of $270,710 and women retired with an average of just $157,050.*
Women often take time out of the workforce for extended periods and this impacts the amount of super a woman can earn and grow during this time.
It may sound like a problem to think about later, but women need to actively take simple steps now to boost their super for the future.
Take control today
- Super SA have recently partnered with Money101 to provide simple, easy to follow education modules on how women can boost their super.
- ASIC’s MoneySmart women’s money toolkit can tailor simple steps specifically for you.
- Taking Leave without Pay (LWOP)? Find out what impacts this may have on you here.
- Check out one of our free seminars on how you can maximise your super.
- Are you on a low income? You maybe eligible for free money from the Federal Government with the Low Income Superannuation Tax Offset (LISTO).
- Penda is a free app for women experiencing financial abuse, helping women in this situation to find financial freedom.
*ASFA Super account balances by age and gender, Oct 2017