Superannuation
Women can face unique challenges when it comes to retirement savings. Lower pay, time out of the workforce to raise children and running a single-parent household can make it challenging to build a reasonable amount of superannuation.
Women also tend to live longer than men, making it even more essential for them to accumulate enough superannuation to last through retirement.
Workplace Gender Equality data shows that a gender pay gap in average annual earnings for full-time permanent employees results in an annual shortfall in superannuation contributions for women compared to men.
In 2017–18, the median superannuation balance at, or approaching, preservation age (55 to 64 years) was $119,000 for women and $183,000 for men.
More information:
- Gender Indicators, Australia: Superannuation Australian Bureau of Statistics
- MoneySmart: Superannuation and Women ASIC
- The Facts About Women and Super Women in Super
Office for Women acknowledges and respects Aboriginal peoples as the State’s first peoples and nations and recognises Aboriginal peoples as traditional owners and occupants of the lands and waters in South Australia.
Women's Information Service
8303 0590 or 1800 188 158
Monday to Friday - 9:00am to 5:00pm
wis@sa.gov.au
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Office for Women
