Closing the Super Gender Gap
Australian women retire with far less super than men. On average, men in their early 60s hold around $361,500, while women hold about $289,000.*
Why the Gap Exists
- Career breaks
- Part-time work
- Pay inequality
Strategies to Close the Gap
- Spouse contributions
- Government co-contributions
- Catch-up contributions
- Downsizer contributions
- Super splitting
Final Thought
The super gender gap is real – but not inevitable. With smart strategies and better planning, women can boost balances and retire with more confidence.
References
- Association of Superannuation Funds of Australia (ASFA). Superannuation Account Balances by Age and Gender, 2024 Report.
Disclaimer: This information is of a general nature only and does not constitute advice. It has been provided without taking account of your objectives, financial situation or needs. Because of this, we recommend you consider, with or without the assistance of a financial adviser, whether the information is appropriate in light of your particular needs and circumstances. Hendrie Financial Strategies is a corporate authorised representative of the Madison Financial Group Pty Ltd, Australian Financial Services License No 246679, ABN 36 002 459 001.
