HESTA Superannuation Fund

HESTA Income Stream

Past 5-year return
6.48%
Admin fee

$91

Calc fees on 50k

$486

SuperRatings awards
Platinum10 Year Platinum PerformanceCareer Fund of the Year FinalistPension of the Year FinalistMomentum FinalistNet BenefitInfinity Recognised
Past 5-year return
6.48%
Admin fee

$91

Calc fees on 50k

$486

SuperRatings awards
Platinum10 Year Platinum PerformanceCareer Fund of the Year FinalistPension of the Year FinalistMomentum FinalistNet BenefitInfinity Recognised

Pros and Cons

Pros and Cons

  • Choice of two HESTA retirement options -Transition to Retirement Income Stream and Retirement Income Stream.
  • 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.

Summary

Joint winner of the 2021 Net Benefit Award, HESTA Income Stream was established in 2007 to provide for the retirement needs of members employed within Health and Community Services. The fund is a public offer fund and allows members from all industries to apply for membership, with a minimum initial investment of $50,000 required to commence membership. The fund was nominated as a finalist for the 2021 Momentum award and the 2021 Pension of the Year award, and is also Infinity Recognised, which is a result of its strong commitment to environmental and social principles.HESTA Income Stream offers an investment menu of 5 Diversified options and 5 Single Sector options. The fund also offers the HESTA Income Stream Ready-Made Investment Strategy, which aims to reduce investment risk over time. The Balanced Growth option outperformed the relevant SuperRatings Index over each time period assessed to 30 June 2020.Fees are lower than the industry average across all account balances assessed, with a reduced administration fee on balances of $250,000 and over. The fund does not charge a buy-sell spread; however, a switching fee applies to the third and any subsequent investment switches within a financial year.HESTA Income Stream offers excellent pension flexibility, with members able to select from fortnightly through to annual payment frequencies. 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. Members can also select from reversionary pension, binding death nomination and non-binding lump sum death benefits.A great range of benefits are provided to members including free scaled advice and low-cost banking.

Features and Fees

HESTA Fees and Features

    Pros and Cons

    • Choice of two HESTA retirement options -Transition to Retirement Income Stream and Retirement Income Stream.
    • 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.

    Joint winner of the 2021 Net Benefit Award, HESTA Income Stream was established in 2007 to provide for the retirement needs of members employed within Health and Community Services. The fund is a public offer fund and allows members from all industries to apply for membership, with a minimum initial investment of $50,000 required to commence membership. The fund was nominated as a finalist for the 2021 Momentum award and the 2021 Pension of the Year award, and is also Infinity Recognised, which is a result of its strong commitment to environmental and social principles.HESTA Income Stream offers an investment menu of 5 Diversified options and 5 Single Sector options. The fund also offers the HESTA Income Stream Ready-Made Investment Strategy, which aims to reduce investment risk over time. The Balanced Growth option outperformed the relevant SuperRatings Index over each time period assessed to 30 June 2020.Fees are lower than the industry average across all account balances assessed, with a reduced administration fee on balances of $250,000 and over. The fund does not charge a buy-sell spread; however, a switching fee applies to the third and any subsequent investment switches within a financial year.HESTA Income Stream offers excellent pension flexibility, with members able to select from fortnightly through to annual payment frequencies. 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. Members can also select from reversionary pension, binding death nomination and non-binding lump sum death benefits.A great range of benefits are provided to members including free scaled advice and low-cost banking.

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    HESTA Fees and Features

      Fund fees vs. Industry average
      THIS FUND
      INDUSTRY AVERAGE
      Fund past-5-year return vs. Industry average
      THIS FUND
      INDUSTRY AVERAGE
      Investment allocation
      INTERNATIONAL SHARES
      AUSTRALIAN SHARES
      PROPERTY
      ALTERNATIVES
      FIXED INTEREST
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      OTHER
      Investment option performance
      BALANCED
      DIVERSIFIED FIXED INTEREST
      GROWTH
      AUSTRALIAN SHARES
      INTERNATIONAL SHARES
      CAPITAL STABLE
      PROPERTY
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