Are you a su­per woman?

Why now is the time to be bold’with your su­per­an­nu­a­tion

QT Magazine - - HEALTHY, WEALTHY AND WISE - HEALTH & FITNESS - WITH DIANNE CHARMAN FROM JADE FI­NAN­CIAL GROUP

❛❛ What’s per­haps more alarm­ing is the gen­der dis­par­ity with su­per­an­nu­a­tion, where Aus­tralian women re­tire with al­most half the amount of su­per than men and one in three women re­tire with no su­per sav­ings at all.

THIS year women around the world cel­e­brated In­ter­na­tional Women’s Day with the theme BeBoldForChange, and there is a unique op­por­tu­nity for Aus­tralian women to make their own bold change for the bet­ter and set them­selves up fi­nan­cially for re­tire­ment.

Wide-rang­ing rule changes to su­per in Aus­tralia are on their way and these will af­fect many Aus­tralians of var­i­ous ages sav­ing for their re­tire­ment.

We still hear a lot of talk about the gen­der pay gap, with women’s av­er­age full-time to­tal re­mu­ner­a­tion across all in­dus­tries and oc­cu­pa­tions 23.1 per cent, or $26,853, less than their male coun­ter­parts.

How­ever, what’s per­haps more alarm­ing is the gen­der dis­par­ity with su­per­an­nu­a­tion, where Aus­tralian women re­tire with al­most half the amount of su­per than men and one in three women re­tire with no su­per sav­ings at all.

You re­ally can’t af­ford to miss the op­por­tu­nity to take your su­per­an­nu­a­tion mat­ters into your own hands.

By en­gag­ing with your fi­nances and seek­ing pro­fes­sional fi­nan­cial ad­vice, you can be your own ‘su­per woman’ and very quickly be on the road to achiev­ing fi­nan­cial in­de­pen­dence and ac­cel­er­ate gen­der par­ity with your su­per bal­ance.

What’s im­por­tant to re­mem­ber is with new changes in­tro­duced this fi­nan­cial year, it is im­per­a­tive to seek the right fi­nan­cial ad­vice and act be­fore you’re an­other year closer to re­tire­ment.

About now is the time your an­nual su­per­an­nu­a­tion state­ment ar­rives for this fi­nan­cial year. Don’t file it yet un­til you’ve checked the fol­low­ing:

◆ what were my con­tri­bu­tions in to­tal last year?

◆ am I be­low the new cap of $25,000?

◆ what in­sur­ance do I have in my su­per­an­nu­a­tion?

◆ what was my in­vest­ment per­for­mance last year, what is the as­set al­lo­ca­tion of my in­vest­ments in­side su­per­an­nu­a­tion?

Get­ting to know your su­per­an­nu­a­tion ac­count de­tails is the first ac­tion in tak­ing the next step to seek more in­for­ma­tion on what it means, and to get­ting a fi­nan­cial plan in place. Start learn­ing more about your su­per­an­nu­a­tion op­tions by en­gag­ing with your su­per­an­nu­a­tion fund web­site. Seek an in­ter­view with a fi­nan­cial ad­viser and most im­por­tantly be the ‘su­per woman’ you know you can be.

Any ad­vice given is gen­eral only and has not taken into ac­count your ob­jec­tives, fi­nan­cial sit­u­a­tion or needs. Be­cause of this, be­fore act­ing on any ad­vice, you should con­sult a fi­nan­cial plan­ner to con­sider how ap­pro­pri­ate the ad­vice is to your ob­jec­tives, fi­nan­cial sit­u­a­tion and needs.

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