Published: 01/04/2021

Category: Member Benefits

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Cuts to super will hurt young women the most, new Industry Super Australia campaign video warns

Women already retire with far less than men and now some government MPs want to cut super and push women even further behind, a new Industry Super Australia (ISA) campaign video warns.  

With more women set to receive the promised super rate increase than men, ensuring it goes ahead is a crucial part of closing the gender super gap.

ISA analysis shows men have $282 billion more than women in their super funds, while on average women retire with 36 per cent less super than men.

A recent retirement survey, commissioned by ISA, found that on average women spend 12 years less in the full-time workforce than men, this time away from work is having a dramatic impact on their super balance.

The last thing Australian women need is for MPs who earn 15% super to get their way and cut the super rate, making it even harder to catch up.

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