- 18% of self-employed women interviewed say they have no super
- 19% of self-employed women interviewed are relying on the pension in retirement
- 32% of stay at home mums say they have no super or don’t know if they do
- 35% of stay at home mums fear being financially dependent on family and friends
New data from BT Financial Group suggests that self-employed women could face an uncertain life in retirement. With no employer to make contributions and no obligation to pay themselves super they risk trailing other women in the paid workforce in planning for their financial future.
For women who run their own business, the risk of being poor in retirement runs even higher. With no obligation to pay themselves super and faced with competing demands on their household budget, many simply cannot or do not put away the savings they need for a comfortable retirement