Gemma Dale

Have a look at your fees, understand what your fees are.

I do want to talk about insurance because when you're younger, you may have default insurance or you may have no insurance.

This is life insurance.

This is, so there's actually three types of insurance you can have.

Life insurance, total and permanent disablement, which is called a handful of things, but let's call it total and permanent disablement because I'm old and that's what I call it.

DPD and income protection.

Now, they're immensely valuable for you if you need them.

For young people, if you're single and you don't have any debt, then life insurance might not be valuable for you.

But income protection is very important.

If you've got huge assets elsewhere, then they're not important.

So you want to know what the insurance is because the premiums come out of your balance every year.

And if you're paying sizable insurance premiums, you know, several thousand dollars a year, and they're eating up your contributions and you didn't really know you were paying them, there's no accrued benefit to it.

It's not like the old, old, old days where you might get something back from your insurance if you live long enough.

That doesn't happen anymore.

You're just paying a premium for the cover.

So check the insurance is not eating up your balance and that it's there for a reason that you're comfortable with, you know, that you're okay with what it is.

So insurance as well.

I think the really difficult one with women is the story we always say is you need to engage more with your super and you need to contribute more in order to offset the fact that you will have less over time.

The primary reason you will have less over time is you earn less on average.

So women on average earn less than men.