THE Australian Government's decision to legislate superannuation payments on its parental leave scheme will help reduce gender inequity and boost a mother of two’s retirement savings by approximately $14,500. This reform will benefit around 180,000 Australian mothers annually and narrow the gender superannuation gap, which currently stands at $50,000 for those nearing retirement. Super Members Council CEO Misha Schubert urges swift passage of the Bill, highlighting its potential to significantly improve financial security for women and advance gender equity in retirement.
BOOST FOR SUPER PAYMENTS TO MUMS
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Michael Walls
michael@accessnews.com.au
0407 783 413
