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IT
Overcoming the Gender Earnings Gap
['John Beveridge']
Small Caps
There are many ways in which women get a raw deal in society but the gender pay gap is one of the most invidious.
Longer term there are moves afoot to close the gender earnings gap and the associated superannuation shortfall, with a recent innovation being super payments being made on maternity leave payments.
However, the gender earnings gap has been remarkably difficult to budge so far so there are some strategies that can be employed in the interim to especially beef up superannuation payments.
This strategy can turbocharge anybody’s super balance but can be particularly useful for women who would otherwise suffer from a smaller super balance.
While neither the spouse co-contribution or the co-contribution are specifically designed for women and will work just as well for men, they are both an ideal solution for dealing with the issue of the gender earnings gap and the associated superannuation gap.