ASFA reveals a $120,000 gender gap on super

According to the Association of Superannuation Funds of Australia (ASFA), the average superannuation balance for women last year was $68,000 and for men, $112,000, although women are slowing closing the gap.

Super balances for women increased 53% in the last two years and 35% for men.

Women who retired in 2016 had an average super balance of $157,000 while men had $271,000 – an average $120,000 less in their super than men.

The ASFA has made some recommendations to address this issue.

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Download the full report here.

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