More affordable childcare would boost women’s retirement savings, report says

Industry Super Australia research finds increasing childcare subsidy would reduce gender pay gap and future pension costs

• Follow our Australia news live blog for the latest updates
• Get our free news app; get our morning email briefing

Women would be as much as $118,000 better off in retirement if subsidies were increased to make childcare more affordable, according to new research by Industry Super Australia (ISA).

ISA said the move would help close the gap between men and women, who retire with an average of a third less super than men because of time spent out of the workforce with children, and boost Australia's total superannuation savings by $35bn by 2050.

Sign up to receive an email with the top stories from Guardian Australia every morning