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Super and Women

Women are continuing to retire with less superannuation than men. Lower average salaries than men and a period out of the workforce to raise children both contribute to this issue. This is not something that is easily fixed, but a greater awareness of the importance of looking after and contributing to your superannuation might help.

Some strategies to boost your super are:

  • find and consolidate your super into one account
  • take an interest in how your super is invested (it's your money!)
  • make sure you are not paying more fees than necessary
  • salary sacrifice - even just 2% more can make a big difference over the long term
  • ask your spouse to split their super contributions with you if you are out of the workforce raising the family
  • see if you can access the Government Co-Contribution
  • if you are self employed and not receiving the Super Guarantee Contribution from an employer - consider making regular personal concessional (tax deductible) contributions.

Please talk to us if you would like to assess the value of any of these strategies for you.