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HESTA - MySuper

Past 5-year return
7.85%
Admin fee
$65
Calculated Fees on 50k
$555
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Portability - more employer sponsors than any other fund in our market.
Low weekly administration fee and no entry, exit or switching fees.
Provision of free limited personal financial advice to members using fund resources (rather than a third party).
No commissions to agents.
Ability to transfer into a HESTA Income Stream.
Free insurance cover for up to 12 months when a member is on parental leave (subject to conditions).
A finalist for the 2019 Career Fund of the Year and 2019 MySuper of the Year awards, HESTA was established in 1987 to provide for the retirement needs of members employed within the Health and Community Services. The fund is a public offer fund and allows members from all industries to apply for membership. The fund is Infinity Recognised, which is a result of its strong commitment to environmental and social principles.The Core Pool option is the fund's default investment, whilst choice members may also select from a range of Diversified and Single Sector investment options. The Core Pool option outperformed the relevant SuperRatings Index over each time period assessed to 30 June 2018.Fees are lower than the industry average across all account balances assessed. The fund does not charge a switching fee, an exit fee, or a buy-sell spread.HESTA's insurance offering provides eligible members with automatic Standard Insurance Cover, including 2 units of Death Cover and 2 units of Income Protection Cover (IP). Members may apply for up to $5m of Death cover and up to $3m of TPD cover. Standard IP covers up to 85% of salary until age 67 with a 90 day waiting period; however, benefit periods of 2 years or to age 60 are available, as well as 30 and 60 day waiting periods. A great range of additional benefits are provided to members including free scaled advice, discounted health insurance and low cost banking services through ME.
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Fees & fund features

Admin fee
Admin fee
$65
Administration fee (%)
Administration fee (%)
0.08%
Indirect Cost Ratio (%)
Indirect Cost Ratio (%)
0.17%
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
0.73%
Account size discount
Account size discount
Health insurance
Health insurance
Binding nominations
Binding nominations
Anti-detriment payments
Anti-detriment payments
Switching fee
Switching fee
$0
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
$65
Administration fee (%)
Administration fee (%)
0.08%
Indirect Cost Ratio (%)
Indirect Cost Ratio (%)
0.17%
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
0.73%
Account size discount
Account size discount
Health insurance
Health insurance
Binding nominations
Binding nominations
Anti-detriment payments
Anti-detriment payments
Switching fee
Switching fee
$0
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
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