HESTA Superannuation Fund

HESTA Income Stream

No. of members: 879321
Fund size: $53.3b
Public offer:
Product type: Industry-Allocated Pension
Target market: -
Year started: 2007
Past 5-year return
6.48%
Admin fee

$91

Calc fees on 50k

$486

SuperRatings awards
Past 5-year return
6.48%
Admin fee

$91

Calc fees on 50k

$486

SuperRatings awards

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

Winner of the 2020 Career Fund of the Year award and a finalist for the 2020 Pension of the Year 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 2020 Momentum and the 2020 Smooth Ride awards, and is also Infinity Recognised, as 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 option underperformed the relevant SuperRatings Index over 10 years to 30 June 2019; however, outperformed over the shorter term.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.

    Winner of the 2020 Career Fund of the Year award and a finalist for the 2020 Pension of the Year 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 2020 Momentum and the 2020 Smooth Ride awards, and is also Infinity Recognised, as 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 option underperformed the relevant SuperRatings Index over 10 years to 30 June 2019; however, outperformed over the shorter term.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
      CASH
      OTHER
      Investment option performance
      BALANCED
      HIGH GROWTH
      DIVERSIFIED FIXED INTEREST
      AUSTRALIAN SHARES
      INTERNATIONAL SHARES
      CAPITAL STABLE
      PROPERTY
      CASH
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