In this episode of Lay Down The Law, host Jo Stanley speaks with Jacob Varghese, CEO of Maurice Blackburn Lawyers, and Hayriye Uluca, principal lawyer at Maurice Blackburn, about the gender pay gap and its impact on women's superannuation.
The conversation highlights several factors that contribute to women having less superannuation at retirement than men, including the gender pay gap, women's disproportionate burden of childcare responsibilities, and lower pay in industries with more women.
In general, women in Australia retire with 42% less superannuation than men. It can mean living their final years in poverty, a devastating result after a life-time of juggling the strains of paid and unpaid work.
The group discusses gaps in women's employment and contributions to their retirement savings due to parental leave and tax concessions that favour higher-income earners.
Overall, the conversation sheds light on the systemic gender inequalities contributing to women's retirement financial insecurity and identifies the pitfalls to watch out for, so you can boost your super savings.
Listen to the conversation below, on Apple podcasts, Google podcasts, or wherever you like to listen.
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