Take charge of your super & close the gap

8 Mar 2018 By Media Super Team

It’s an ugly truth that Australian women retire with significantly less superannuation than men. But with more women in the workforce than ever before, why is this still happening?

Let’s be clear – the super gap does not exist because women ‘don’t understand finances’,’ or because we think ‘a man is financial plan’.

The continuing gender pay gap is a major factor, as it means many women receive less money to start with. 

Women are still predominantly the ones who take breaks out of the workforce or work part-time to raise families and look after elderly family members, meaning we receive less or no super for extended periods.

Very few employers pay super during paid maternity leave, and if you work multiple part-time/casual jobs you may be falling below the threshold at each job for super contributions.

There needs to be substantial change at a policy level to solve this issue.

Women in Super’s Make Super Fair initiative is working on policy proposals that will help level the playing field for women, and low-income earners generally.

Media Super is working with Women in Super and supporting this initiative, and we’re hopeful the government will finally act.

In the meantime…


You’ll find some great tips here. 

1. First, check how much you’re likely to have when you finish working for good

To understand where you stand, the first step is to log in to your account and use our Retirement Income Simulator. This will show you how long your income is likely to last in retirement. You can toggle between options to see what you can do to make your super last as long as possible.

2. Find and combine your super

A quick way to make a difference to your estimated retirement income is to combine* all your super into one account. You’ll have fewer fees, less paperwork and only one set of insurance coverage (unless you opt out). You can easily combine online. All you need is your Tax File Number.

3. Look at making extra contributions

Did you know an extra $20 a week towards your super can make a big difference to your retirement savings over time? Use our Contribution Calculator to explore your options and see the difference for yourself. 


If you have any questions about your super, email the Media Super Team or call us on 1800 640 886. We can help with everything from combining accounts, to working out the right investment option for your needs, to helping you set up a contribution strategy.

Or get started by visiting the resources page, where you’ll find handy calculators, bite-sized videos and more. 


*Before making a decision to combine your superannuation, you should consider any penalties such as exit fees, change to insurance cover or loss of benefits that may apply and, if necessary, consult a qualified Financial Advisor.