Closing the Gap - Austsafe Super

Closing the super gap:

Part 1 of a 2 part series

According to a recent workplace report, the Australian gender pay gap currently sits at 15.3%1. This results in women not only earning less over their lifetime, but accruing less super.

Organisational pay reviews and paid parental leave are some of the steps businesses are taking to drive change and address the gender super gap. But what can women do on an individual level?

Here are a few steps to consider: 

  1. Find your lost super 

Whether it’s ATO-held super or super sitting in a forgotten account, it’s still money that can make a difference to your retirement savings.

Keen to see if you have any lost super? Start with AustSafe Super’s online Search and Combine tool at supermatch.austsafe.com.au. 

 

  1. Make additional contributions

Putting a little extra into your super over an extended period can make a big difference in the long term. Whether you’re salary sacrificing, making voluntary contributions or taking advantage of government co-contributions, there’s an option that will suit your circumstances. 

Explore how you can boost your super by visiting austsafe.com.au/grow.

In the next newsletter, we’ll explore additional tips in Part 2 of this series. 

1Workplace Gender Equality Agency pay gap statistics, February 2018.

This editorial is general information only and does not take into account your individual objectives, financial situation or needs. You may also wish to seek the advice of a qualified financial planner. Please also read the relevant AustSafe Super Product Disclosure Statement (PDS) before making a decision in relation to the product available at austsafe.com.au which summarises important information about being a member of AustSafe Super.