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  • Money Magazine

    Aim for the next level

    Feb 26, 2020 4 minutes
    STORY JULIA NEWBOULD

    The statistic is all too familiar: women retire with 20% less in their superannuation than men. On retirement, the average super balance for a man is $154,543 and for a woman it is $122,848. When you factor in the longer life expectancy of women, this statistic has an even greater consequence.

    International Women’s Day is the perfect time to revisit the issue of women’s super and how it can be tackled.

    A big part of the problem is the gender pay gap, combined with broken work patterns and part-time work. It means there is a necessity for women to contribute more than the legislated compulsory 9.25% of their pay.

    The most recent statistics show men still take home $25,679 more than

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