Preservation ages
When you reach your preservation age, you can transfer all or part of your unrestricted non-preserved super benefit into the HESTA Super Income Stream.
The minimum starting investment is $10,000.
The table below shows your preservation age:
Date of Birth |
Preservation Age |
Before July 1960 |
55 |
July 1960 - June 1961 |
56 |
July 1961 - June 1962 |
57 |
July 1962 - June 1963 |
58 |
July 1963 - June 1964 |
59 |
After June 1964 |
60 |
Taking your HESTA Super Income Stream as a lump sum
You can partially or fully commute (take as a lump sum) HESTA’s retirement income stream option at any time, subject to government regulations.
If you start your super income stream using our TTR option (HESTA’s working income stream option), this can only be commuted:
to pay out an unrestricted non-preserved benefit
to pay a super contributions surcharge
to split a payment under family law
to purchase another non-commutable income stream
as a payout on the death of the product holder, or
to rollover to your previous or a new super fund.
However, once you fully retire or meet a condition of release, your working income stream option converts to HESTA’s retirement income stream option and you can commute it at any time.