The electorates where men retire with almost twice as much super as women

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Figures show men’s retirement balances are almost twice the size of women’s in some electorates. The data has given ammunition to groups pushing for super to be paid on parental leave.

The gender gap is above 33 per cent in Victoria’s McEwen, La Trobe, Dunkley and Kooyong, the ATO data shows. The smallest gap in the state was in Chisholm, at 5 per cent, followed by Scullin at 9 per cent. Gaps above 33 per cent were recorded in NSW’s Macarthur, Cunningham, Parkes, Dobell, Macquarie, Mackellar, Hume and Bradfield.

Removing the $450-a-month threshold would also make a small change in terms of retirement income but help improve equity, it said.Tune in on Tuesday from 6.30pm for our live coverage of the 2021 federal budget.

 

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Or we could just bring back an old age pension that is actually enough to live on? Radical I know, but the older women facing extreme poverty now aren't on parental leave. I know a lot of women who had their kids while they couldn't find paid work anyway.

“Super on Parental Leave” - let’s not forget, the woman is entitled to 50% of their partners superannuation ... unless there’s a pre nup.

Super is *designed* to give more money to men than women, replicate the inequalities of the labour market, and create retirement poverty. It's a total failure, and the solution is to throw out the current design and instead use the money to pay a higher aged pension to all.

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