Skip to Main Content
 
Super sting costs Queensland mums $320 million  image
Media Releases

Super sting costs Queensland mums $320 million

Published: 27 Sep 2021

Queensland mothers have missed out on almost $320 million in retirement savings because the government refuses to pay super on its parental leave scheme. 

Industry Super Australia analysis shows more than 280,000 Queensland mothers have received Commonwealth Paid Leave Pay in the last 10 years, but while they took time out of paid work to raise children, they were being made to sacrifice their retirement savings leaving them thousands worse off.

This hidden super sting could cost a mother of two $14,000 from their final retirement savings.

Overwhelmingly it is women that are missing out, 99.4% of the state’s Commonwealth Parental Leave Pay applicants were women and just 0.6% men.

Got a topic you'd like to read about?

Thank you for your topic suggestion.

The message has been sent succesfully, check back soon to find if we wrote about the topic you suggested.

An error has occurred

Due to a technical fault we are unable to to submit your form at the moment. Please try again later.

Additional details:

To learn more about one of the Industry SuperFunds below click on their logo.

I'M READY TO CHOOSE A FUND