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.
From 1 January 2022, on page 9, in the additional explanation of fees and costs section for administration fees, the change (in bold) has been inserted as follows:
Administration fees deducted from your account are allocated to the Fund’s Development Reserve. The fund pays its administration costs (including a Trustee Fee) from this Development Reserve.
From 1 April 2022, on page 13, in the Transferring cover section under 'Other important information about insurance', the current text ‘are under age 55 and’ has been deleted and the change (in bold) has been inserted to read as follows:
Transferring cover
If you already have IP, Death or Lump-sum TPD Cover through another industry fund, master trust, retail fund or corporate superannuation fund, you can apply to transfer it to HESTA subject to approval by the insurer. Refer to Insurance options at hesta.com.au/pds and Insurance transfer form at hesta.com.au/forms for more information.
From 1 January 2022, on page 9, in the additional explanation of fees and costs section for administration fees, the change (in bold) has been inserted as follows:
Administration fees deducted from your account are allocated to the Fund’s Development Reserve. The fund pays its administration costs (including a Trustee Fee) from this Development Reserve.
From 1 April 2022, on page 14, in the Transferring cover section under 'Other information about insurance through HESTA', the current text ‘are under age 55 and’ has been deleted and the change (in bold) has been inserted to read as follows:
Transferring cover
If you already have IP, Death or Lump-sum TPD Cover through another industry fund, master trust, retail fund or corporate superannuation fund, you may be able to apply to transfer it to HESTA subject to approval by the insurer. Refer to Insurance options and the Insurance transfer form at hesta.com.au/forms for more information.
From 1 January 2022, on page 39, in the additional explanation of fees and costs section for administration fees, the change (in bold) has been inserted as follows:
The administration fee deducted from your account is paid into the fund development reserve. The fund pays its administration costs (including a Trustee Fee) from this development reserve.
Apply online
You can apply for a HESTA Income Stream via the income stream tab in your online account. Please note: the tab will only appear if you have reached preservation age.
Log in to your online account.
The HESTA Term Allocated Pension (TAP) product is closed to new members. If you hold a TAP with HESTA (or are a reversionary beneficiary) and would like more information, please contact us on 1300 734 479
It could be your biggest asset one day. Your online account lets you check your super balance, keep your account up to date and much more, 24/7.