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Australian women are being urged to tip more of their savings into super to get a $500 top-up from the government so they aren t poor at retirement.
Women continue to have much less saved up than men, with the Workplace Gender Equality Agency putting the super gender gap at 21.6 per cent by the time they are in their sixties.
Across all age groups, women last year had average superannuation balances of $131,500, a figure that was 30 per cent or $39,100 less than the equivalent retirement savings of $170,600 for men.
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Australian women are being urged to tip more of their savings into super to get a $500 top-up from the government so they aren t poor at retirement. Women continue to have much less saved up than men, with the Workplace Gender Equality Agency putting the super gender gap at 21.6 per cent by the time they are in their sixties
The interim national data commissioner has defended data-sharing laws before parliament that will make it easier for third parties to access personal information.
The proposed data availability and transparency bill will let federal government agencies share information with third parties and researchers, including the private data of individuals.
Interim commissioner Deborah Anton conceded the nation s data trove was of interest to others, including foreign governments, but said the bill was about making effective public policy and raising standards across the public service. There are both increased benefits and increased risks, she told a parliamentary committee hearing in Canberra on Tuesday.
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March 2021 Australian property market update
Australian property market prices continued to climb over the last month, and mortgage interest rates continue to fall. There are some extraordinary divergences in affordability. It has never been cheaper in most markets to service a mortgage, but never more expensive to save for a deposit or pay off the loan. In general, housing valuation statistics are improving. For investors, rental yields have never been lower in an absolute sense, never higher relative to mortgage rates.
The net effect is that the Federal Government and Reserve Bank have successfully distorted conditions to encourage as many people as possible to borrow as much as possible. An investment in housing is basically a vote of confidence in their ability to keep force-feeding the market.
Demand for cloud engineers and cyber specialists. By Casey Tonkin on Apr 20 2021 11:04 AM Print article
Salaries for IT workers keep going up. Image: Shutterstock
Salaries for IT professionals are still on the rise despite slow wage growth in Australia, a new survey has found.
Recruitment firm Robert Walters has published its annual salary guide which once again shows high demand for local technologists as digital transformation ramped up over the past year.
Managing director of the company’s Asia Pacific operations, David Jones, said a “demand-supply imbalance” was pushing IT salaries up.
“There is increased demand for tech talent as companies expand their IT teams and enhance their digital capabilities because of the pandemic,” he said.