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Partner editorial – Super and the gender gap

Updated Feb 2024


Super and the gender gap

Research over the years has consistently shown that women tend to retire with less super than men. The latest statistics show a 25% difference, with the median balance for those aged 60 to 64 at $211,996 for males and $158,806 for females.1

Why women accumulate less super

  • Unpaid care. Women are more likely to take more time out of paid work to care for families.2
  • Part-time and casual employment. Women are more likely to work part time and represent only 42% of full-time workers.3
  • The gender pay gap. On average, women earn 22.8% less than men and are generally under-represented in management.2
  • Longer lifespan. Women also live longer than men4, which means it’s even more important they have enough super to last in retirement.

What can you do about this?

The good news is that more recent research has shown the gap slowly closing over the last decade due to increased focus on the issue and improving the retirement outcomes for women5 which further highlights the importance of advocacy and education by super funds.

There are also actions you can take to improve the outcomes:

  • Make sure your employer is paying your super. Employers must pay the minimum Super Guarantee (SG) which is 11% of your wages.
  • Top up your super by making extra contributions. Even small amounts can make a big difference in the long-term.
  • Combine your super. Consider consolidating your super into one account and avoid paying multiple fees.
  • Find your lost super. There is $16 billion in lost and unclaimed super across Australia.6 Find out if yours is one of them by logging into MyGov and linking your ATO online account.
  • Seek advice and education. Our Advice Services team is available to assist members and we offer a range of education webinars at no extra cost.

There’s a lot you can do to boost your super and improve the quality of your retirement. And if you need help, just give us a call on 1300 361 784.

1 The Association of Superannuation Funds of Australia, ASFA Research: An update on superannuation account balances, November 2023,

2 Workplace Gender Equality Agency, Women’s economic security in retirement Insight Paper, February 2020,

3 Workplace Gender Equality Agency, Australia’s Gender Equality Scorecard, December 2022,

4 Australian Bureau of Statistics, Life expectancy hits a new high, 4 November 2021,

5 Roy Morgan, Women are (slowly) closing the superannuation gap, 18 April 2023,

6 Australian Taxation Office, Check your myGov account for your share of $16 billion in lost and unclaimed super, 27 February 2023, 

This information is about Cbus Super. It doesn’t account for your specific needs. Please consider your financial position, objectives and requirements before making financial decisions. Read the Employer Handbook, relevant Product Disclosure Statement (PDS) and Target Market Determination to decide if Cbus Super is right for you. Call 1300 361 784 or visit

United Super Pty Ltd ABN 46 006 261 623 AFSL 233792 as Trustee for the Construction and Building Unions Superannuation Fund ABN 75 493 363 262 (Cbus and/or Cbus Super)

Stapling updates for employers

29th September 2021

As you may be aware, on 17 June 2021, the Government passed the Your Future, Your Super (YFYS) legislation which introduced three major reforms:

  • Stapling
  • Performance test
  • Best Financial Interests Duty




Stapling poses the greatest change for employers as it is a new law that will link a person to one super fund and the stapled fund will follow the person when they change jobs.

This is due to come into effect from 1 November 2021.

In response to this, Cbus has created a dedicated web page containing important information and updates for employers.



1st September 2021

Tradies face a range of challenges across their working lives – from job uncertainty to financial pressures, intense physical demands and workplace culture issues. In an industry where stigma is high, these pressures can build up and impact mental and emotional wellbeing for tradies if they don't feel they can talk to others about their struggles.

The R U OK? Tradies resources provide practical tools and tips for family, friends and workmates to spot the signs that someone on their work site may be struggling, to empower them to spark a meaningful R U OK? conversation and to help them find support if needed.

When we genuinely ask ‘Are you OK?’ and are prepared to talk to a mate about how they’re feeling we can help someone who might be struggling to feel connected and supported, long before they’re in crisis.

Read RUOK_TradieTips_Online_here

CBus hits $60 billion FUM milestone

17 March 2021

Cbus, one of Australia’s largest industry super fund for the building, construction and allied industries, has reached a new milestone in January 2021 with total Funds Under Management (FUM) surpassing $60 billion.

Despite the challenges brought on by the COVID-19 pandemic in the past year, Cbus’ ability to organically grow our FUM is a result of our commitment to our investment approach which has included investing opportunistically in the post-COVID economic recovery.

It also reflects the success of our investments strategy as we continue to deliver value for Cbus members by internalising our investments program to deliver strong returns while reducing investment costs.


Haymes - Helping hand project

23 February 2021

2020 has been a really tough year, but sometimes the tough times also bring out the best in us. So here at Haymes, we decided we wanted to thank all of the communities who have supported our people and our shops, by donating paint to a deserving local business in our community. Up to three finalists will be chosen by your local Haymes Paint Shop from community nominations and the winner will be decided by locals casting their vote.

Follow the links for more information:

HPS Helping Hand Trade Brochure 

HPS Helping Hand Application Brochure

Security of Payment– Secure by name but not by nature

22 october 2020

Given the Minister for Commerce, John Quigley, has described the construction industry as ‘a vital part of our economy, providing the jobs, housing and critical infrastructure to meet the needs of all Western Australians….’ it’s disappointing to see the State Government treating our industry with contempt in the amendments to the new Security of Payment Bill 2020.

Originally an election promise to ‘even the playing field’ between builders, primary contractors and subcontractors, the Project Bank trials were limited only to contractors working on government contracts.

This time, the new retention trust account system excludes subcontractors working on residential projects.
Security of Payment - by name only V3

ReddiFund gives much needed boost to suicide prevention

4 September 2020

Prominent construction industry redundancy fund, ReddiFund have once again demonstrated their value and their commitment to the construction workers in Western Australia by handing over a cheque for $200,000 to MATES in Construction WA.


WA Government in ‘appalling’ broken promise to protect the payments of subcontractors

11 June 2020

The WA Government is backtracking on its promise to make contractors put aside subcontractor payments to protect them if there are any financial difficulties with the project. This is against what they promised to do and will therefore continue to leave tradies exposed to potential losses from non-payments.


CTF Support Package for Construction Workforce

23 April 2020

Premier Mark McGowan and Training Minister Sue Ellery along with Reg Howard- Smith, Chair of the Building and Construction Industry Training Board announce a $24.5 million support package for the construction workforce.
A fantastic initiative to help keep apprentices and trainees in jobs and support our local construction industry.
Details of the package and claim process are available here:

Construction Package

CTF COVID-19 Package Details

COVID-19 Documents and Links

Last Updated: 22 April 2020

This information regarding COVID-19 will be updated regularly as information comes to light. It will provide documents and links for you to stay up to date to run your business.

Access useful documents and links HERE


Building & Industry Commission

March 30 2020

In March, the MP&DA has had the opportunity to add our voice to an action calling on the Prime Minister to support security of payment for SME subcontractors (Small and Medium Enterprises).  This issue has been dragging on for too long and it looks like the COVID-19 epidemic is only going to make things worse.

Large builders are asking the government (and private clients) to not impose liquidated damages because the Coronavirus is impacting their building schedules, however the same leeway is not being afforded to their subcontractors. It’s not fair, it’s not right and we want something done about it.  See the letter to the PM here.

Letter to Prime Minister, March 30 2020



Feature story in WAToday

The vexed issue of white set plaster is in the news with a feature story in WAToday. See the full story here.

MP&DA CEO, Amanda Dawes, calling for action