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Women urged to build super balances
Further research has emerged suggesting women need to be more proactive in building their superannuation savings.
The latest research, released by online superannuation offering Max Super, revealed that the average woman was likely to receive $124 a week in retirement from her superannuation savings compared to the average male, who would receive $461 a week.
Commenting on the research findings, Max Super chief executive Andrew Barlow said women needed to be proactive with their superannuation and look at ways they could maximise their investment.
He said they should not just assume that superannuation would sort itself out or that they could rely on a partner or the Government pension.
“Circumstances change and with the number of family break-ups on the rise, and more women remaining unmarried, women need to look out for themselves, and there are some simple options available that present smart ways for women to boost their super savings,” Barlow said.
He suggested that women could utilise the Government’s co-contributions regime or salary sacrifice into superannuation.
AUTHOR
Mike Taylor
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