Now one Sydney woman is working to stop this with an easy way for people to contribute to their super fund, even if they aren’t currently working.
“The often repeated industry and government message is that women should top up their super but when we have such a high portion of women not earning an income or without access to spare money the question becomes how do they top up their superannuation?” she told news.com.au. The user links their superannuation account to the system so the money is directly deposited into their fund.
“There’s a world of pain coming towards us and it’s only be exacerbated by Covid. In Australia, the fastest growing demographic of homeless people is the older woman as she has no super,” she said. “Typically, it takes over one year for funds to adopt innovative solutions and a further year for implementation,” she said.
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