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Virgin Money Australia
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Why do Australian women retire with less superannuation than men?

The wage gap

For similar full-time roles, women would typically earn 15-19% less than men. This wage gap occurs across most industries and should be addressed as quickly as possible.

Wage disparity is not unique to Australia, which is why Gender Equality is goal 5 in the recently launched Global Goals.

Work type

Women are more likely to work in casual and part-time roles, particularly after having children. This impacts their ability to earn parity with their male counterparts, in addition to potentially slowing their climb up the corporate ladder. More flexible working arrangements (for parents, both men and women) would help to narrow the gap, in addition to employer and Government initiated policies.

Retirement

Women generally retire earlier than men. With an increasing number of women in the workforce, moving into more senior roles, will this discrepancy naturally level out?

The Motherhood Penalty

The Motherhood Penalty refers to the overall negative impact on superannuation and career progression faced by working women. Taking time off work to have children adversely impacts short-term super contributions and long-term career trajectory. Again, any adverse financial impacts and Gender Gap can be mitigated through more flexible working arrangements and employing strategies that help increase superannuation balances.

#superannuation   #globalgoals   #genderequality   #retirement  
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Pack your scarves and jerseys, it's time to follow the #Wallabies around the UK for the #rwc2015  

Against #England, #Wales, #Fiji  and #Uruguay, the boys will need our support to qualify for the final stages.
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One of the world's great yearly celebrations is getting closer.

Here are some great hints and tips for celebrating Oktoberfest abroad.
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Thinking of the next family holiday?
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Sir Richard Branson celebrated his 65th Birthday on Saturday. 

As part of the celebrations, he wants you to issue him a challenge via #challengerichard

He will then choose the best 65 challenges and tackle them head-on!

Submit your challenge to Richard now!! In the meantime, here are 10 facts about Richard Branson you might not know. 
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Important information for Virgin Travel Insurance customers who may be affected by Indonesia's Mt Raung volcanic ash cloud.
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Why are international shares outperforming Australian shares at the moment? 

Virgin Money's General Manager Wealth and Insurance, Christopher Sozou, gives you some insight.
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We're everyday people. 

Every now and then, we need a little help. 

So we've created a few saving tips for people like us. 

#saving   #money   #tips #everydaypeople  
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Tax time is approaching.

There are several mechanisms that allow tax reductions by moving money into your superannuation.

We break them down for you, and let you know about the limits. 
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