In this section, we will upload our regular newsletters for clients to download. These newsletters contain general tips and information for both businesses and individuals. If you would like further advice on any specific content presented in these newsletters, feel free to contact us.
January 18, 2019
It’s no secret that the median super balance for Australian women at the time of retirement is significantly lower than that of their male counterparts. The Australian Commission & Investments Commission (ASIC) have reported that men retire with about twice the amount as women. The discrepancy is reportedly even higher between Mums and Dads. Between lower wages and a higher likelihood of having an interrupted working life for women, women also tend to live longer and thus require more super to cover more years. Unfortunately, between personal finances, business financial capabilities, and governmental policies, actions to close this gap can be limited.
Where viable, private companies can consider: