Are you a super woman?
Why now is the time to be bold’with your superannuation
❛❛ 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.