With new research showing women face a $40,000 gap in their super balance just related to the effects of menopause, it’s more important than ever for financial advisers to talk to their female clients about what they can do early on in life to boost their super.
Government incentives can make all the difference and, during their working lives, there are three main avenues in the super rules for women to do something about the gender super gap – the Association of Superannuation Funds of Australia saysthe median super balance for women is about 25 per cent lower than men’s. The earlier women can use these strategies the better, to take advantage of compounding.
To read more go to…