retirement income stream

Access a regular income from your super while your money keeps working hard for you.

Apply now


what is a retirement income stream?


It's an account-based pension, and a flexible way to access your super after you retire.

By opening a retirement income stream using your super, you can receive a regular income (tax free if you're over 60) while the balance stays invested for you.



what are the benefits?


  Tax effective

Access tax-free income payments from age 60 (or tax offsets before age 60). Receive tax-free investment earnings.


  HESTA Retirement Reward

When you start a HESTA Retirement Income Stream, you may be eligible for the HESTA Retirement Reward.


  Simple and flexible

Receive a regular income paid directly to your bank account. Choose how much and how often to be paid (within government limits).


  Works with the Age Pension and Centrelink

Your income stream payments could supplement the Age Pension. Talk to us about how this could work or contact Centrelink.


  Invest your way

Invest in the HESTA Income Stream Ready-Made Strategy, designed to reduce risk over time, or create your own strategy.


  Manage your account online

Set up your online account to manage your income stream anytime, anywhere.



two ways you can apply


Icon of mobile phone

Log in and complete your application online through your HESTA account.

icon of book

Complete the application form in the Product Disclosure Statement.



advice is one of the benefits of your membership

HESTA advisers are superannuation specialists who can talk to you one-on-one or over the phone about retirement options and Centrelink strategies. Choose a time to chat with us or call 1300 734 479.




frequently asked questions


You may be eligible to open a HESTA Retirement Income Stream if you’ve:

  • reached your preservation age and fully retired, or
  • ceased an employment arrangement on or after age 60, or
  • reached age 65, or 
  • become permanently incapacitated, or be terminally ill, or
  • been using a TTR Income Stream while continuing to work, and are now ready to stop working, or have met one of the other conditions above.


Your preservation age is the age at which you can generally start accessing your super.

The age varies according to your date of birth. See How super works for more details.

Date of birth Preservation age
Before 01/07/60 55
01/07/60 - 30/06/61 56
01/07/61 - 30/06/62 57
01/07/62 - 30/06/63 58
01/07/63 - 30/06/64 59
After 30/06/64 60


The minimum amount you can invest is $50,000. The maximum amount you can transfer in is $1.7 million or your transfer balance cap, without incurring a penalty. This maximum applies to the total balance across all your income streams. Read our Income Stream PDS (pdf) for details.


The amount you choose to receive as an income is up to you – but the government has set a minimum amount that must be paid to you each year from your income stream. The minimum is a percentage of your account balance at the beginning of each financial year or on the start date of your income stream (pro-rata in the first year).

You can change the frequency, drawdown and amount of your income stream payments in your online account or by completing the Income stream change of income payment amount and frequency form.

Special limits apply until 30 June 2022 – read more about them below.


When you take up a HESTA Retirement Income Stream, you may be eligible to receive the HESTA Retirement Reward. The HESTA Retirement Reward is actually a tax saving. And we want to pass it on to you when you retire.

You don’t even need to apply. The Reward is automatically added to your account when you open it, whether you move from a HESTA Super or HESTA Personal Super account or a HESTA Transition to Retirement (TTR) Income Stream account.

Find out more here.


Any remaining account balance can be paid to your chosen beneficiaries after your death. You can choose who your super goes to.

Find out more about nominating beneficiaries.




how much can I draw down in 2021-22?


For the last few financial years, minimum drawdown amounts have been reduced by 50% in response to the coronavirus pandemic. Read more about how we will apply the changes to your payments in the significant event notice.

You can change the frequency, drawdown and amount of your income stream payments in your online account or by completing the Income stream change of income payment amount and frequency form.

Drawdown amounts

Your age Temporary minimum
Normal minimum
Under 65 2% 4% 10% (TTR only)
65-74 2.5% 5% No maximum
75-79 3% 6% No maximum
80-84 3.5% 7% No maximum
85-89 4.5% 9% No maximum
90-94 5.5% 11% No maximum
95+ 7% 14% No maximum

The minimum drawdown is the percentage of your income stream account balance that you must withdraw each financial year.


This is the maximum allowable amount Transition to Retirement Income Stream members can withdraw each financial year.

There is no maximum drawdown amount for Retirement Income Stream members, it's your money and you can withdraw as much as you want.


Minimum and maximum drawdown amounts are set by the Federal Government at the beginning of each financial year.


Apply now

Log in to your online account and start your application via the income stream tab. This tab will only appear if you have reached your preservation age.


As superannuation specialists, we’re here to help members make big decisions – including how your super can be a part of your next chapter. Not a member? Join us