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product disclosure statements

All the information you really need about products, costs and other important things to consider.

 

updates to the PDS


From time to time, changes to the PDS that are not materially adverse will be updated on the website here. To make it easier for you to follow, changes that apply to all products will be shown here. Changes to particular documents will be shown with the documents below.

 

Certain caps, rates and thresholds are indexed annually. Changes will apply to the following caps, rates and thresholds from 1 July 2025. These changes should be taken into account when considering the relevant information in the PDS for HESTA Income Stream (PDF) and other documents including How super works (PDF) and How super is taxed (PDF).

 

Cap, rate or threshold Up to 30 June 2025 From 1 July 2025
Superannuation guarantee percentage 11.5% 12%
Maximum contribution base for superannuation guarantee

$65,070 per quarter

$62,500 per quarter
Co-contribution lower and upper thresholds1

$45,400

$60,400

$47,488

$62,488
Lump-sum low-rate cap2 $245,000 $260,000
Capital Gains Tax cap amount3 $1,780,000 $1,865,000
General transfer balance cap4 $1,900,000 $2,000,000

1 Refer to page 2 of How super works (PDF) for further information.

2 Refer to pages 2 and 3 of How super is taxed (PDF) for further information.

3 Refer to pages 2 and 3 of How super is taxed (PDF) for further information.

4 Refer to page 8 of the HESTA Income Stream PDS (PDF) for further information.

This change impacts the information in HESTA Corporate Super PDS and the Corporate Super insurance guide.

From the deduction for insurance fees in July 2025, the way employer paid insurance fees will be administered will be changing for members of HESTA Corporate Super whose employer pays some or all of their insurance fees. The insurance fee deductions undertaken in July 2025 will be for the relevant fees from 29 to 31 March, and the months of April, May and June. If your employer pays for some or all of your insurance fees, it will be detailed in the Member plan schedule for your employer plan.

The cost of your cover will be deducted monthly from your HESTA Corporate Super account. From July, the amount your employer pays for insurance will be allocated to your account as an additional concessional contribution to meet the cost of your employer paid insurance, rather than paid directly by your employer to the insurer and bypassing your account.

Due to the change in payment administration for employer paid insurance fees, members will now receive a tax rebate within their accounts for the insurance fees. The amount paid by the employer continues to count towards the member’s concessional contributions cap.

 

Insurance fee to 28 March 2025 Insurance fee from 29 March 2025
Employer pays the insurance fee directly, does not appear in the member’s account but counts towards member’s concessional contributions cap. Employer pays an additional contribution to the member’s account to cover the insurance fee. The amount of the additional contribution counts towards the member’s concessional contributions cap for the financial year in which the contribution is received.
No tax rebate passed on to the member for the amount of the employer paid insurance fee. The fund claims a tax deduction on the insurance fees, and this is applied to insured members account as a rebate of 15% of the insurance fee.

 

 

 

 

 


product disclosure statements (PDS)

 

 

 


other documents related to the PDS

 

 

 

prefer printed PDS copies posted to you?

 

Contact us

 

 

 

 

target market determinations (TMD)

 

What's a TMD?

A TMD is a document which describes who a product is likely to be appropriate for (its target market), based on their likely objectives, financial situations and needs.

Each product TMD has set out the distribution conditions, when we may need to review them and other circumstances that would prompt a review of our product, the target market or the TMD.

 

 


See past HESTA TMDs on the Target market determinations page.

 

 

 

 

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