Australians undecided about higher super for womenBY DARREN SNYDER | TUESDAY, 10 NOV 2015 12:06PMIt appears Australians are undecided whether women should be paid a higher rate of superannuation to address the current retirement savings gender gap. Related News |
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Featured Profile
Jelena Stevanovic
CHIEF EXECUTIVE OFFICER
PLATYPUS ASSET MANAGEMENT HOLDINGS PTY LTD
PLATYPUS ASSET MANAGEMENT HOLDINGS PTY LTD
As the new chief executive of Platypus Asset Management, Jelena Stevanovic hopes to continue the fund manager's long tradition of outperformance with patience and by fostering meaningful relationships with clients and staff. Karren Vergara writes.
A quick fix for this so-called "gender gap" - we should aim for all people to have say 15 years in retirement, based on average life expectancy (which for males is approximately 82 and females 84). This means that the male "retirement age" should be 67 and for females, age 69. Those extra years of SG contributions for females will compensate for the time off they may have had earlier in their careers, while supported by their partners and any maternity leave entitlements.