If you're still working, there's still time to increase your retirement savings. A Transition to Retirement Income Stream might work for you. It can help minimise tax and is flexible to suit you.Apply now
Most of our members use a Transition to Retirement (TTR) Income Stream strategy to boost their savings before they retire. Some also use it to maintain their income while winding down.
Your current income and lifestyle don't need to change.
You can give your retirement savings a real kick.
1. Firstly, you'll need to set up a new HESTA Income Stream account using a TTR strategy alongside your super account.
2. You can then tip a bit more into your super from your current income through salary sacrifice contributions (you might already be doing this) which could reduce your tax bill.
3. Then, you can use your TTR to replace what you've added to your super so there’s little or no effect on your regular income.
Log in to your online account and start your application via the 'Income stream' tab. This tab will only appear if you've reached your preservation age.
To apply, you'll need:
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If you're currently thinking about your plans for the future, it's alright not to have all the answers. We know your retirement is one of the most important decisions you'll make.
We're here to help. Call 1300 734 479 to discuss your options.