We are experiencing technical issues, and our Service Centre phone lines are temporarily unavailable. We apologise for any inconvenience and are working to restore normal service. 

The importance of super for educators

I'm retired | | 2 min read

The importance of super for educators

When you’re self-employed, it’s easy to overlook your own superannuation. Unlike employees, it is not something that is automatically set up for you when you start a new job. But as a self-employed educator there are compelling reasons to make setting up your own superannuation fund a priority.

According to research by the Association of Super Funds Australia (ASFA), 22 per cent of self-employed people do not have any superannuation.

Unfortunately, self-employed women fare worse. It’s well-known that upon retirement, women’s super balances are much lower than men’s. But ASFA also found that women who are self-employed have balances that are one-third lower than female employees.

Business assets can and do serve as de-facto superannuation. However, many educators do not have a business asset to sell nearing retirement.

Contributing to super is a sound business decision. It is an asset that will bring financial rewards at the end of your career. Establishing a superannuation account can help maintain a comfortable standard of living in retirement. It’s worth thinking about – now.

It’s easy to set up and maintain a superannuation fund. Catholic Super is a fund designed to be simple to manage, while offering low fees and high returns. Join us easily online or call 1300 695 433 for more information.

Join our award-winning fund

Plan for your future with the industry fund that works hard for you.

Join us