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Bayside Retirement Planning – committed to financial equality


Australian girls excel at primary school, high school and university, but as they enter the workforce, various systems that were established over the last 100 years begin to work against them. 


As a result, full-time working Australian women earn on average $295 per week less than men, or $15,000 a year. Extended over a typical 45 year career, the gap equates to about $700,000 – or the cost of a house in most Australian cities. 1 

The crossover point between female advantage and disadvantage typically occurs around the age of 21, when female university graduates earn 4 per cent less in their first job than their male peers, and worsens throughout their lifetime. 2

This is one of the reasons women are also more likely to retire in poverty than men. And the current retirement statistics are confronting.

Strategies for Women

Did you know?

  • Women, on average, retire with only around half as much superannuation as men. 3

  • Around 90% of women will retire with inadequate savings to fund a comfortable retirement. 3

  • On average, women retire before men and are in retirement longer than men. 4

  • In 2010, 1 in 5 women yet to retire had no superannuation at all. 5


These statistics are a stark reality for many Australian women today and as one of Australia’s leading providers of wealth, insurance and advice solutions, RI Advice is committed to doing what it can to improve the lives of all women.


By harnessing the power of your financial adviser, we can help turn the tide and restore equality so that both men and women are offered the same opportunities to build and protect their wealth.


For more information or to make an appointment click here

1 Australian Bureau of Statistics, 2014, 6302.0 Average Weekly Earnings, Australia. Calculation multiplied by a 45-year

career of men and women’s average weekly earnings.

2 GradStats – Employment and salary outcomes of recent higher education graduates, page 8.

3 The Association of Superannuation Funds of Australia, 2015.

4 OECD 2014 Society at a glance 2014 – OECD Social Indicators, March 2014 page 2.

5 Super system evolution: Achieving consensus through a shared vision, ASFA White Paper – Part 4 May 2013, ASFA.


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