Helping women bridge the gap
04 December 2020
It’s an unfortunate fact that women are currently retiring with 21.6% less super than men1.
A number of factors contribute to this difference such as time out of work to have a family, the gender pay gap and the fact more women than men work part time2.
The cyclical nature of the building and construction industry can further impact this. Statistics also highlight retirement can be a time of great financial stress for single women with 40% of older single retired women experiencing financial insecurity and poverty and 8.5% of women between 65-74 still making mortgage repayments2.
As a fund committed to helping members plan for their retirement we are working with industry groups, including NAWIC, AWIC, Master Plumbers Women’s Plumbing Alliance, Women in Forests and Timber Network, to help women in the industry take control of their super.
Through information sessions with these groups and others we’re able to help people learn more about their super and the difference contributions, investment choice and advice can make to their nest egg.
Our team are available to run information sessions at your workplace to help your employees learn more about their super. To book a visit during smoko or lunch contact your Relationship Manager or book online.
1. Gender workplace statistics at a glance 2020, wgea.gov.au/data/fact-sheets/gender-workplace-statistics-at-a-glance-2020. 2. The facts about women in super, womeninsuper.com.au/content/the-facts-about-women-and-super/gjumzs. The information supplied in this email is general advice only and does not take into account or consider your personal objectives, financial situation or needs. Prepared by BUSS (Queensland) Pty Ltd (ABN 15 065 081 281, AFSL 237860) as Trustee for BUSSQ (BUSSQ Fund, ABN 85 571 332 201).