The push for a new $5000 baby bonus

The Association of Superannuation Funds of Australia is calling for the introduction of a $5000 superannuation baby bonus.

Martin Fahy, Chief Executive of ASFA, said it was designed to address the gender gap when it comes to super.

“It’s been a longstanding issue and that’s what this measure is designed to address,” he said.

He said for every four dollars a man retired with, a woman retired with three.

“This doesn’t solve the problem, but what it tries to do is address some of the outcomes of women having lower balances,” Mr Fahy said.

Press PLAY below to hear how it would work

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