Superannuation sits within a broader issue of gender equality in Australia. Women generally earn less and take more career breaks to care for family. Often, this leaves them with less saved for the future, compared to men.
The super gap amongst our membership
Having enough super may not just affect the lifestyle we lead in our later years, but also the healthcare and aged care options available to us. For women, this is an even more urgent issue: they’re playing catch-up.
4 common obstacles that women face
In conversations with our members, we see some common obstacles when it comes to getting on top of retirement saving and planning. We’ve investigated some of these roadblocks, and want to share suggestions that might help you overcome them.
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I don’t have time to focus on my money
In the rush of everyday life, it’s easy to forget about something that seems a long way down the track. Why not take the opportunity to shine a spotlight on the issue. And, an ideal trigger for scheduling a dedicated hour to start sorting out your super.
Find my super -
I don’t earn enough to save for retirement
If you’re working part-time or have a tight household budget it can seem difficult to save for retirement. You can still make a difference without taking too much of a hit to your hip pocket.
Earn a co-contribution -
I’m too focused on today to worry about tomorrow
The long-term nature of superannuation makes it easy to put off until later. But don’t forget, small actions do make a difference so the earlier you start, the easier it is.
Get my super together -
I don’t know where to start
With so much jargon and so many rules and regulations, it’s easy to put super in the ‘too-hard basket’. But we are here to help. We have a range of cost neutral, easily accessible options to help you get started on your financial journey. We also understand that retirement might not be your primary focus right now, and that’s ok, there are things you can do at all stages in life to help improve your tomorrow.
Take a simple quiz
What now? How can women take action on their super?
More control over your money may provide you with more choices for your life. Understanding and managing your financial position helps you achieve goals, plan for the future and support others. That’s why getting a handle on money and boosting your understanding of savings and investments is important. Yet, women often leave it to the bottom of a very long ‘to-do’ list.
It’s also often hard to think about the long-term future, when today, tomorrow and this year could present plenty of their own challenges. But the nature of long-term savings, such as super, is that the earlier you take small steps, the easier it is down the track. This provides a longer period of time for your money to grow.
How you can improve your super balance
Resources to help
Access tools and information to help you make the most of your money. Or if you prefer to speak to someone, we're here to help.