While a number of measures appear to show that the superannuation balance gender gap is closing, a look at the the raw figures will show you the opposite.
[W]omen in Super CEO Sandra Buckley said there were still significant problems for many women in building super.
“The structural inequities in the superannuation system that make it harder for women to accumulate super have not been removed or improved,” Ms Buckley said.
“Namely, the $450 monthly threshold before super is payable still exists, super is not paid on Paid Parental Leave, and super is based on income earned so unpaid work (caring responsibilities) does not attract super or ‘caring credits’ as they are referred to in other countries.
“One-third of women are retiring with no superannuation and single women aged 55 and over are the fastest-growing cohort of homeless.
“These facts do not indicate that there will be any improvement in the gender super gap for many years.