Small steps you take today can make a big difference to your financial future
On average, women retire with almost half the superannuation of men1 due to a number of reasons — including lower earnings, part-time employment and time out from the workforce. But it doesn’t have to be like that. There are simple things you can do now which can make a big difference to your retirement outcome.
Important information you should know
1 At retirement (aged 60 to 64), ASFA Superannuation account balances by age and gender report, October 2017.
2 Before consolidating your super, ask your other super provider about any fees or charges that may apply, and other information about the effect this transfer may have on your benefits, such as insurance cover.
3 Before adding to your super, consider your financial circumstances , contribution caps that may apply, and tax issues.