Super; yawn! Investment options; snoozefest!
But super represents 10% of your pay. That’s a large chunk of money for anyone, but it’s especially important for women to take an interest.
That’s because women often retire with 28% less super than men due to:
- Taking time out from paid work to raise or care for family
- Working part-time to balance work and family commitments
- Earning around 14% less than men due to something called the Gender Pay Gap
Over a lifetime that gap in super can add up to a big shortfall—made worse because women tend to live longer than men (so rely more heavily on their super).
Having a smaller retirement balance could mean the difference between pottering around at home during your twilight years instead of kicking up your heels and travelling the world.
The good news is taking 3 simple steps now, could make a big difference in life later on.
Step One
Consolidate your Super accounts – multiple super funds can mean extra fees that could eat away your precious savings. For more info about finding your super visit. Searching for lost super.
Step Two
Contribute more – adding even just a little to your super can make a huge difference in retirement. To check out how much of a difference, visit Add extra to your super.
Step Three
Check how your money is invested – is it right for your age, goals and risk appetite? Go to Money smart – choose your own investments.
Please get professional financial advice before deciding what steps are right for you.
Join the webinar to be a Super woman!
Women and Super webinar on 10 November – register now!
We have partnered with Australian Unity to present a Women and Super webinar on
Wednesday, 10 November 2021 from 1 pm – 2 pm AEDT.
To find out more, register today!
You owe it to your future self to take an interest (pun intended) in your super!
