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Location: Home  »  Work and Education  » Work and Economic Security  » Superannuation

Superannuation

Retirement planning is important in an ageing population structure. Typically, today's retired women are living on lower retirement incomes than their male counterparts. Planning and saving for retirement can help tomorrow's female retirees to achieve better retirement incomes. The government strongly supports a savings culture. As an important part of this, the government is striving to make saving through superannuation even more attractive for tomorrow's retirees.

• In 2000, 97.8 per cent of women employees aged 15-69 who had leave entitlements and were not working on a fixed-term contract had some superannuation (the same as for men).
• Of all woman jobholders (which includes casual workers and managers of incorporated and unincorporated enterprises but excludes contributing family workers and workers who worked for payment in kind only in their main job), 85.7 per cent had some superannuation (compared with 88.1 per cent of men).

The Office for Women recently contributed to the former Department of Family and Community Services submission to the House of Representatives Inquiry into Improving the Superannuation Savings of People Under Forty.