Tag: stay at home mums

For the ladies…

Well, mostly just for Stuss… She might like to see an article in the SMH that made the same case as her letter to the government.

Women, and in particular mothers, are harshly treated by Australia’s system. They are damned if they return to work after childbirth, and damned if they don’t.

Those who do, face high tax rates because of income tax incurred and welfare benefits withdrawn. Working just a few hours a week and earning $11,000 a year can mean mothers lose 56.5 cents in every dollar in tax and benefits.

But the longer women do not work, the longer they miss out on employer contributions to superannuation. Women’s super balances are woefully inadequate. Those aged 60 to 65 have saved a tiny average of $45,000, compared with men of the same age who have $130,000 stashed away. While mothers face punitive tax penalties for working, rich men receive generous tax concessions on their super payouts.

It’s a good article looking at one issue facing stay at home mums.