The HESTA Super Income Stream may offer you the following tax advantages:

• tax-free access to your money once you’re over age 60 and have permanently retired
• tax-free investment earnings

Once you reach age 60, you pay no tax on your HESTA Super Income Stream, whether you receive regular income payments or withdraw lump sums. However, unlike the super fund you may have invested with while you were still working, in the HESTA Super Income Stream no tax is paid on your investment earnings either.

If you’re under 60 years of age, your income payments will be subject to tax (plus Medicare Levy). Income tax is deducted from payments made to you through the PAYG (Pay As You Go) withholding system.

If you are under age 60, we will provide a PAYG certificate after the end of each financial year, together with information you need to complete your tax return.

The tax rates payable on your HESTA Super Income Stream are set out in our HESTA Super Income Stream Product Disclosure Statement (PDS).

Tax rules affecting super income streams can be complex, so HESTA recommends you seek financial advice before making any decisions about the product.