Women underpaid $1.8 billion in super

Women working for wages and eligible for the SG were underpaid $1.84 billion in super contributions by their employers in 2013-24, according to the Industry Super Australia (ISA).

ISA analysed the latest data from the Australian Tax Office (ATO) and found that, on top of the gender pay gap, women were also subject to unpaid superannuation entitlements, with the average underpayment of $1,550.

Also, the study revealed that women’s superannuation balances were on average a third lower than those paid correctly.

Related News:

According to the ISA, in particular the superannuation balances for women working for wages nearing retirement were “shockingly low”.

ISA’s public affairs manager, Sarah Saunders, said: “The failure of some employers to pay working women their super entitlements is a disgrace”.

“We need employers who offer flexibility, equal pay and family leave, a government whose tax structures and social policies are seen through the lens of quality, and a society that refuses to accept the feminisation of poverty.

“The government can start by enshrining ‘dignity’ and ‘security’ for all Australian in the objective of superannuation.”

Related Content

Retail funds beat industry funds for female directors

Retail superannuation funds have outperformed their industry fund counterparts where independent and female directors are concerned, according to data...more

Insurance sector lags on female executive diversity

A gender diverse insurance industry is something to strive for, but lack of initiatives and comprehensive statistics on the representation of women ac...more

Women remain more concerned about finances

One in four Australians have indicated acute stress levels over finances, with women (37 per cent) much more likely than men (22 per cent) to feel ‘...more



Add new comment