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Fair is the future
The gender superannuation gap is the difference between the average superannuation balance for men and women at the age of retirement – and we’re working to close it. Retired women with lower balances are more likely to experience significant economic insecurity, poverty and financial reliance on others. The impact of financial hardship in retirement is devastating, with older women becoming the fastest growing demographic of people experiencing homelessness.2
It’s driven by several complex and intersecting factors, such as:
By introducing solutions like caring credits, where the government provides super contributions for people during periods of unpaid care, we can ensure women aren’t financially disadvantaged for taking time out of the workforce to support their families.
We’re calling for more proactive ATO investigations in feminised industries and meaningful penalties for employers who don’t pay superannuation contributions.
We’re advocating for changes that make sure perpetrators of domestic violence can’t access the superannuation death benefit of their victim after they pass away.
We’re calling for superannuation funds to have an enforceable legal obligation to provide culturally safe support for First Nations consumers.
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