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Showing 11 - 20 of 64 results for "Super gap"

AustralianSuper warns outdated tax laws will hurt returns

ANDREW MCKEAN  |  WEDNESDAY, 19 FEB 2025
... from an improved standard of living in retirement. AustralianSuper said expanding LISTO would help narrow the gender super gap, with 57-58% of beneficiaries being low-income women. It added that the measure would also boost super balances for young workers ...

Rest calls for advice reforms, extending SG

ELIZA BAVIN  |  FRIDAY, 31 JAN 2025
... thousands of new parents from the middle of this year, but we have significantly more work to do to close the gender super gap," Doyle said. "The government should commence a review to assess ways to introduce 'Superannuation Carer Credits', which would ...

Super to be paid on parental leave from July 2025

JAMIE WILLIAMSON  |  THURSDAY, 19 SEP 2024
... optional undermined the policy's intent altogether, being to boost the super balances of new mums and narrow the gender super gap. Modelling from AustralianSuper shows a 30-year-old man earning the average wage of $1983 per week with an average super ...

Coalition's super on parental leave changes spark concerns

ANDREW MCKEAN  |  WEDNESDAY, 11 SEP 2024
... undermines the policy intent to boost the retirement savings of Australian mums and to start to turn around the gender super gap - which has been widening for women in their 30s," she said. It also risks putting pressure on mums to raid their retirement ...

Super on parental leave bill hits parliament

JAMIE WILLIAMSON  |  THURSDAY, 22 AUG 2024
... contributions. "This has led to many female Rest members retiring with less super than our male members. In fact, the gender super gap for our members approaching retirement is 27% - a figure that has widened in recent years," Doyle said. "We represent ...

Industry reacts to Federal Budget

ELIZA BAVIN  |  WEDNESDAY, 15 MAY 2024
... retirement," Schubert said. Schubert said lower rates of pay for feminised industries are a key driver of the gender super gap. "Anticipated pay rises for Australia's female-dominated workforces in aged care and early education - expected to flow from ...

Budget 2024: Government heeds industry calls to better support women

JAMIE WILLIAMSON  |  TUESDAY, 14 MAY 2024
... to be made annually from 1 July 2026. While the impact may be small, it will go some way towards closing the gender super gap. Currently, women retire with as much as 25% less in super. The median balance for those aged 60 to 64 is $211,996 for males ...

Super on unpaid parental leave extended in Western Australia

ELIZA BAVIN  |  MONDAY, 11 MAR 2024
... balancing care and work." WA women's interests minister Sue Ellery said the government is taking steps to reduce the super gap for women. "Women at retirement age traditionally have much lower account balances in their superannuation - we are doing ...

Simple strategies to overcome gender super gap

KARREN VERGARA  |  THURSDAY, 7 MAR 2024
The cost-of-living crisis has the potential to threaten women's financial security in retirement, but there are overlooked yet effective strategies they can undertake to help conquer the obstinate gender superannuation gap. A new survey from Finder ...

'About bloody time': Industry responds to PPL super reform

JAMIE WILLIAMSON  |  THURSDAY, 7 MAR 2024
... paid parental leave will help our members add much-needed dollars to their retirement accounts, narrowing the gender super gap and making Australia's super system fairer," HESTA chief executive Debby Blakey said. Women in Super has also long advocated ...