HESTA offers two super plans. Your work circumstances may determine which plan is right for you.
Industry Super Plan
This plan may suit your circumstances if:
You're an employee
- If you and your new employer are already with HESTA, simply give them your HESTA membership number and they can do the rest.
You're an employer
- For easy administration, simply apply to become a participating employer and enrol your employees in this hassle-free plan. There is no charge to join.
- If your employer is not currently with HESTA, you can ask them to join. It's free to become a HESTA employer.
Under HESTA’s Industry Super Plan:
- superannuation guarantee contributions should generally be made monthly
- a weekly administration fee of $1 per week plus 0.07% Trustee operating fee is deducted from members' accounts
- there are no entry fees, no exit fees and no agent’s fees or commissions
- there is no charge to employers.
Personal Super Plan
HESTA’s Personal Super Plan is designed for the self-employed, people who want to take their super whenever they change jobs, or anyone who wants to make ad hoc super payments.
It gives members the flexibility to make contributions whenever they want, for any amount they like (subject to government regulations), at no extra charge.
This plan may suit your circumstances if:
- you're self employed
- you're a sole trader
- you're in a business partnership.
Under HESTA’s Personal Super Plan:
- you can pay as much as you like, when you like (subject to government regulations)
- a weekly administration fee of $1 per week plus 0.07% Trustee operating fee is deducted from members' accounts
- there are no entry fees, no exit fees and no agents fees or commissions
- no ongoing payments are required. However, a minimum account balance of $1,000 must be maintained.
Further details about these plans are available in HESTA's Product Disclosure Statement (Your member guide), including information about contributions, benefits and fees and charges.