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Women more savvy on co-contribution
Leading Tasmanian-based superannuation fund Quadrant Super has released new research confirming women are proving savvier than men in the new choice of superannuation fund and co-contribution environment.
According to Quadrant, 20,000 Tasmanian women accessed the Federal Government’s superannuation co-contribution regime in the December quarter, compared to just 15,000 men.
Commenting on the figures, Quadrant Super chief executive Wayne Davy said it suggested women understood they were at a disadvantage and therefore needed to be more financially on the ball.
“They know that saving can be tougher for them, particularly if they have to take a break from the workforce to take care of family,” he said.
Davy urged young Tasmanians to take advantage of the co-contribution regime in circumstances where under 25-year-olds accounted for just over 10 per cent of all Tasmanians who accessed the scheme last financial year.
“With most young Tasmanians earning well below $58,000, there is a lot of money to be made,” he said.
AUTHOR
Mike Taylor
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