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HESTA Income Stream

Past 5-year return
11.08%
Admin fee
$91
Calculated Fees on 50k
$551
Choice of two HESTA retirement options -Transition to Retirement Income Stream and Retirement Income Stream.
Under particular circumstances, HESTA members may be able to have certain fees for retirement planning services deducted from their HESTA account.
Online access to accounts, enabling members to manage their income stream 24/7.
Winner of the 2018 Career Fund of the Year award, HESTA is the largest industry fund for people in Health and Community Services, with membership also open to the general public. The fund was a finalist for the 2018 Pension of the Year award and is also Infinity Recognised, which is a result of its strong commitment to environmental and social principles.Members are provided with a range of investment options to choose from, consisting of 5 Diversified and 5 Single Sector strategies. The fund also offers the HESTA Income Stream Ready-Made Investment Strategy, which aims to reduce investment risk over time. The Balanced option has outperformed the SuperRatings Index over the short and long term.Fees are competitive and lower than the industry average across all account balances assessed, with a reduced administration fee on account balances of $250,000 and over. Members are entitled to 2 free investment switches per year, while no exit fees are charged for withdrawals. HESTA provides excellent flexibility, with members having the ability to receive payments fortnightly through to annually. Pension payments can be indexed each year by up to 5% or in accordance with CPI. Members with more than one investment option can nominate the proportion of, or order in which, payments are to be drawn from each option. Beneficiary options are comprehensive, including both binding and non-binding nominations, as well as reversionary pensions. A great range of additional benefits are provided to members including free scaled advice, discounted health insurance and low cost banking services through ME.

Fees & fund features

Admin fee
Admin fee
$91
Exit fee
Exit fee
$0
Financial planning service
Financial planning service
Credit cards
Credit cards
Insurance life event increases
Insurance life event increases
Investment fee
Investment fee
0.39%
Account size discount
Account size discount
Health insurance
Health insurance
Binding nominations
Binding nominations
Anti-detriment payments
Anti-detriment payments
Switching fee
Switching fee
$30
Employer size discount
Employer size discount
Home loans
Home loans
Non-lapsing binding nominations
Non-lapsing binding nominations
Long term income protection
Long term income protection
Admin fee
Admin fee
$91
Exit fee
Exit fee
$0
Financial planning service
Financial planning service
Credit cards
Credit cards
Insurance life event increases
Insurance life event increases
Investment fee
Investment fee
0.39%
Account size discount
Account size discount
Health insurance
Health insurance
Binding nominations
Binding nominations
Anti-detriment payments
Anti-detriment payments
Switching fee
Switching fee
$30
Employer size discount
Employer size discount
Home loans
Home loans
Non-lapsing binding nominations
Non-lapsing binding nominations
Long term income protection
Long term income protection
Fund fees vs. Industry average
Fund past-5-year return vs. Industry average
Investment allocation
Investment option performance
+ View additional option performance information
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