Groundbreaking research by First Nations Foundation reveals the extent of financial disadvantage Indigenous Australians are struggling with. Chair Ian Hamm says it's not good enough. We think it is time to create a place where financial services, Indigenous communities and government can come together, collaborate and fix this. We need access to our money. We need education on financial products and services.
INDIGENOUS FINANCIAL RESILIENCE PUT TO THE TEST
In a ground-breaking collaboration between First Nations Foundation and the Centre for Social Impact, research into the financial position of Indigenous Australians has been released. Forming part of a research series conducted by one of Australia's largest banks, the National Australia Bank, the research tells us much work still has to be done but there is hope for a brighter future.
For the first time, the superannuation industry is helping give guides to people to understand how much superannuation they need. Aboriginal and Torres Strait Islander workers can now compare where they are with where they need to be. Check now, the sooner you get onto this the better. If you fall short, consider making contributions (extra payments). If you talk to your payroll they can explain how - you can do it before tax or after tax.