your next chapter

Nearing retirement? You may have more options than you think. Our flexible income stream options can pay you a regular income before and during your retirement.

Why choose a HESTA Income Stream?

A HESTA Income Stream account keeps your super invested with HESTA, and pays you a regular income throughout the year. You can:

  • take advantage of our Ready-Made Investment Strategy
  • access a wide range of investment options
  • divert more of your income to reduce the tax you pay
  • access your account through Member Online.


smart strategy

A simple investment strategy where exposure to riskier assets declines over time? The Ready-Made Investment Strategy does just that.

Preparing for retirement? 

Consider a Transition to Retirement (TTR) income stream. 

This is where you can transfer part, or all of your super balance to a TTR income stream account and, if you're over 60, access tax free income. This is a tax effective way to build your savings until you retire completely.

Or you can use it to draw an income, and keep making contributions to your super account at the same time.

Keep in mind:

  • this option is 'non-commutable': that means the money can’t be paid out as a lump sum, without transferring back to super
  • you have to receive an income from your account which is at least a minimum percentage of the balance each year, based on your age, and no more than 10%
  • you can’t make contributions to your income stream once it’s started.

Once you retire completely, the TTR rules no longer apply to your income stream. You can then either start a second income stream with any additional super, or close your first income stream and open a new retirement income stream with the combined funds. 

Before applying for a Transition to Retirement Income Stream read about the changes effective from 1 July this year.


Ready to retire?  

Consider a retirement income stream to provide you with a regular income while your savings are still invested. This is how it works:

  • leave your super in your super account until you’re ready to transfer to a retirement income stream 
  • you take a regular tax free income
  • you withdraw your money as a full or partial lump sum at any time, subject to government regulations.

Keep in mind:

  • you’ll have to withdraw a minimum percentage of the balance each year, based on your age. 



The minimum drawdown is the percentage of your income stream account balance that you must ‘draw down’ (withdraw) each financial year.

The maximum drawdown amount applies to Transition to Retirement (TTR)
members only and is the maximum allowable amount TTR members can draw
down each financial year.

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

For the 2016/17 financial year, minimum/maximum drawdown amounts are as follows:


Your age Minimum Maximum
Under 65 4% 10% (TTR only)
65-74 5% No maximum
75-79 6% No maximum
80-84 7% No maximum
85-89 9% No maximum
90-94 11% No maximum
95+ 14% No maximum

For more information see the HESTA Income Stream Product Disclosure Statement.



How to apply

Log in to Member Online and start your application via the income stream tab. Please note: the income stream tab will only appear if you have reached your preservation age. Find out more in the HESTA Income Stream Product Disclosure Statement.