Women face unique challenges Woman_at_desk_croppedwhen 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