Retirement savings of Tasmanian women will go into freefall if super is cut

Tasmanian women of all ages also have some of the lowest super balances in the nation – and if the government cuts super women will be left further behind.

The gender super gap at retirement in Tasmania is more than 30% and the median balance of Tasmanian women in their 60s is just $142,000 -well below the $545,000 recommended for a comfortable retirement.

These stark figures highlight the need for the government to keep its promise to lift the super rate to 12%. Women on middle to low-income are the most likely to get the legislated super boost, lifting the rate will contribute to ending the retirement imbalance.

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