International Women’s Day is a moment to recognise the achievements of women, celebrate progress and shine a light on the areas where inequality still lingers. One of those areas that often flies under the radar is superannuation.
Despite decades of change in the workforce, women in Australia continue to retire with far less super than men. On average, women retire with 27% less super, which can have a significant impact on financial independence later in life. A combination of lower average earnings, part‑time work, and career breaks for caring responsibilities all contribute to the gap.
Right now, the average super balance for women sits at around $154,641, well behind the $192,119 average for men. It’s a reminder that financial equality remains a work in progress and an important focus this International Women’s Day.
Here's the good news: small, practical steps taken today can help women build stronger super balances over time. Here are five actions that make a meaningful difference.
1. Compare and choose the right fund
Every super fund performs differently, and even small variations in fees or returns can shape your long‑term outcome. Taking a moment to compare funds, their fees, investment performance, insurance options and long‑term track record is one of the simplest ways to improve financial confidence. You may also consider whether a Self-Managed Super Fund (SMSF) is right for you.
2. Consider consolidating your super
Having multiple jobs in the past often means multiple super accounts, and each account usually comes with its own set of fees. Consolidating into one fund can streamline your admin, reduce unnecessary costs and keep more of your money invested for the long haul. Just check any insurance held in each account before you combine them.
3. Top up your super when you can
Topping up super doesn’t need to be a big commitment. Small, regular contributions add up thanks to the magic of compound interest. Whether it’s salary sacrifice or a personal contribution when your budget allows, these small boosts can make a surprisingly large difference by retirement.
4. Review your insurance inside super
Insurance through super is convenient, but it still needs to be checked. Make sure the cover matches your needs and that you’re not paying for insurance you don’t require. The balance between protection and long‑term savings is different for everyone, so a regular review can help keep things on track.
5. Keep tabs on your super
Thankfully, managing your super is now as easy as opening an app. With a quick tap you can check your balance, update your details or make contributions on the go, no more “I’ll get to it later”. Regular check-ins ensure you know how your super is growing.
Closing the gap
As we mark International Women’s Day 2026, it’s a powerful time to reflect not only on how far we’ve come, but on the steps we can take to close the super gap for good. Women deserve financial security, choice and confidence in retirement and every action taken today helps move us closer to that future.
Ready to take the next step?
If you’d like personalised guidance to strengthen your super strategy, our team at Cutcher & Neale is here to help. We’ll walk you through the options so you can feel confident about where your retirement savings are heading.
Catherine Parker is an Associate at Cutcher & Neale with nearly two decades of experience in superannuation and retirement planning. Known for her approachable and caring style, she helps clients gain clarity and confidence in their retirement journey by simplifying complex superannuation strategies.
