• HOSTPLUS
Education Updated 28 October 2011

Superwoman

Women have some unique financial needs

So you’re super switched on, you’re super savvy but are you a superwoman?

In fact, women need to get their superannuation working harder even sooner than their male counterparts.

We’re sure you already know that a man is not a financial plan.

Although the participation of women in the workforce has increased over the last twenty years or so, decisions regarding career choice, career breaks, whether to undertake part-time or casual work, divorce, marriage and so on have placed many women well behind men when it comes to retirement savings. 

Women in general, and in particular, those who take a break from the workforce, end up with significantly less super than men. In March 2011, the Association of Superannuation Funds of Australia (ASFA) quotes a projected average super account balance of $121,000 for men in 2019, but just $77,000 for women. 

Some of this discrepancy could be due to the career breaks that many women take to raise children.

Depending on how long your break is for, this gap in contributions now could have a real impact on your super balance at retirement.

Here’s some ways to get even:

Related links

Education

    
Follow @HOSTPLUS

C4YC on facebook

  • Ever thought about applying to appear on My Kitchen Rules ? Do you know any dymanic cooking duos? They're taking applications for Season 4 of the show until 1 June...

    http://ow.ly/a2Gbn

  • Employers - become a part of the Melbourne Food & Wine Roast Collection in June. Submissions open 2nd May - there's lots of ways to participate from hosting an event with a roast themed menu, hands-on activities or the perfect wine pairing.

  • Chef Pierre Roelofs talks about his special dessert nights at Rosamond - each Thursday is a one-of-a-kind event.

    Pierre's Desserts

  • Do you shop at farmers markets regularly?

  • Just when you thought you were over your Easter chocolate hangover - here comes Australian Chocolate Master 2012!

  • Trick or tweet: how is social media changing the dining industry? http://ow.ly/a2FQ5

    Trick or tweet?

  • Happy Easter cooks! Quick poll: Hot cross bun or Easter egg?

  • The industry celebrates Easter...what are you cooking this weekend? Anything special?

  • Bacon Macarons...need we say more!

  • Watch this: the latest edition of 'Hello Foodservice' asks whether culinary competitions are still important – putting the question to leading chefs & industry figures including Shane Delia, Scott Pickett and Australian Culinary Federation President Peter Wright.The resounding answer was yes!

    Foodservice Gateway » Have culinary competitions had their day?

  • Budget update

    08 May 2012
    Treasurer Wayne Swan presented his fifth consecutive Federal Budget on 8 May 2012. At first glance it seems the government has used a combination of spending cuts and a deferment of others, as well as new revenue-raising tactics to meet its pledge to return the nation’s budget to surplus.

  • Stronger Super Update

    08 May 2012
    Stronger Super was announced by the Government on 21 September 2011 and is one of the most significant reforms to superannuation since the introduction of the compulsory super contributions in 1992. Here you will find an update on all the important changes that are taking place this year.

  • Super fund governance in the spotlight

    08 May 2012

  • Super contributions to appear on payslips

    08 May 2012
    Recent changes to government legislation has meant that regular super contribution payment reporting is required on employee payslips. Take a look.

  • Super changes to 12%

    08 May 2012
    The Australian retirement savings system has become the envy of most economies around the world and the long-term impact on our national savings has been incredibly positive. However, at HOSTPLUS we recognise that, particularly in the service industries of hospitality and tourism that we represent, any change in employment costs to business can have a significant impact.

  • What’s unpaid super?

    22 Apr 2012
    Recent media attention regarding unpaid superannuation highlights the responsibilities that apply to employers in making payments on behalf of their employees. In a situation of unpaid super, the money has not been received by the employee’s nominated super fund, although the employer is obligated to pay it on their behalf.

  • Employer Super Payments: how do they work?

    20 Apr 2012
    At HOSTPLUS, we fundamentally support the additional contribution to super of up to 12% by employers.

  • Financial standard launches the SelectingSuper Ipad App

    26 Mar 2012
    Leading financial services newspaper, Financial Standard, today announced the launch of the SelectingSuper iPad® app, the first time superannuation funds and their members can read comprehensive educational information and research about their super through the iPad.

  • Judges verdict: Two winners will Cook for their Careers!

    19 Mar 2012
    Budding chefs Michael Frenkiel and Ryan Grant have both been declared Cook For Your Career competition winners, following a nail-biting public cook-off where the judges determined that the Grand Finalists produced such outstanding dishes that both were declared the winners.

  • Cook for Your Career Grand Finale pits QLD against VIC!

    14 Mar 2012
    Two budding chefs – Ryan Grant (QLD) and Michael Frenkiel (VIC) – have been named Grand Finalists of this year’s Cook For Your Career competition.

  • Super Update

    23 Jan 2012
    Super legislative updates as seen in the Autumn MORE magazines.

  • Changes to daily crediting rates

    23 Jan 2012
    HOSTPLUS intends to move from weekly declared net fund earnings to daily declared net fund earnings during 2012.

  • What happened when HOSTPLUS went to Brisbane...

    22 Nov 2011
    We won not just one, but four ASFA Communications Awards, which are provided to super funds in recognition of outstanding marketing and communications.

  • HOSTPLUS extends digital presence through new enhanced website

    21 Nov 2011
    HOSTPLUS announced improved functionality and an enhanced user experience with the launch of its new website, in a major step forward for the Fund’s digital presence.

  • Market Update - 9 August 2011

    09 Aug 2011
    The last few weeks, and in particular recent days, have seen some quite dramatic events and market movements around the world.

  • Balanced option delivers impressive double-digit return

    05 Aug 2011
    We’re delighted to announce that our Balanced investment option has delivered a double-digit return of 10.11% for the financial year ending 30 June 2011.

  • What's Happening With Markets Right Now?

    05 Aug 2011
    There were some significant movements in markets overnight. JANA Investment Advisers have provided the following analysis of this activity.

  • Protecting your account against fraud

    14 Jul 2011
    Recent media attention has focussed on the risk of identity fraud faced by financial institutions and members of Australian Superannuation Funds.

  • HOSTPLUS launches online advice service - Super Adviser

    26 May 2011
    Super Adviser is now available exclusively to HOSTPLUS members, delivering intra-fund advice via a secure and user-friendly online approach. The self-service web tool allows members to access a statement of advice as and when they choose and without the need to actually sit down with a planner.

  • 2011 Budget - super update

    11 May 2011
    As we expected the 2011 Federal budget included only a few changes to superannuation rules. Those that were announced were minor in comparison to the major superannuation reforms seen in previous years. In this update we have included details on the key announcements affecting superannuation benefits and investments.

  • New addition to our Senior Executive Team

    12 Apr 2011
    HOSTPLUS has announced the appointment of Paul Watson as Executive Manager, Member and Consumer Choice.

  • The voting begins! National search for skilled apprentices to work in Australia’s restaurants

    25 Feb 2011
    Six people from across Australia have been announced as state and territory finalists in our national cooking competition 'Cook For Your Career'; an apprenticeship program designed to tackle Australia’s national skills shortage in the restaurant industry and develop new talent by awarding one passionate person a full training apprenticeship in a leading restaurant.

  • Affected by the recent flood events: how HOSTPLUS can help

    11 Jan 2011
    HOSTPLUS is deeply saddened by the recent flooding in Queensland, New South Wales, Victoria and Western Australia and also those affected by last year's Victorian bushfires.

  • HOSTPLUS enhances product line to deliver greater return to members

    30 Nov 2010
    HOSTPLUS today announced the launch of three new initiatives designed to deliver innovation and greater benefits for its members.

  • Changes to HOSTPLUS investment options

    28 Oct 2010
    As part of responsible investment practices, HOSTPLUS’ investment manager line up as well as our objectives and strategies, are regularly reviewed to help ensure all possible investment opportunities are fully optimised. As such from time to time changes may occur.

  • HOSTPLUS Launches new 'Choose Quality' Campaign

    27 Oct 2010
    We've launched a unique advertising campaign that illustrates why HOSTPLUS is a quality fund, including a series of three television commercials (TVCs), the first of which went to air Sunday 24th October 2010.
RSS