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The superannuation gender gap – how can we do better?

01 Mar 2018  by   Saffron Sweeney

With the ‘Global Gender Gap Report’ highlighting the continued existence of a gender pay gap in Australia, it isn’t just women’s current remuneration and lifestyles which may be impacted. Disparities in pay – along with other factors such as a higher propensity to work part-time or a pause in career to care for children or relatives – can significantly reduce the superannuation balances of women, ultimately affecting their quality of life in retirement. In this Hot Topic, we review the impact of the gender pay gap upon superannuation for women and propose strategies to address the imbalance.