1. Members
  3. Retirement
  5. Ready to retire
  7. Retirement Reward

retirement reward

When you take up a HESTA Retirement Income Stream, you could receive the HESTA Retirement Reward.

The HESTA Retirement Reward is a tax saving we want to pass on to you when you retire.
 
You don’t even need to apply. If you’re eligible, the Reward is automatically added to your Retirement Income Stream account when you open it, whether you move from a HESTA super account or a HESTA Transition to Retirement (TTR) Income Stream account.
 
 

 

 
 
You may receive the Retirement Reward if:
 
  • you take up a HESTA Retirement Income Stream
  • you have held a HESTA super or TTR account for 6 months or more*, and
  • you’ve been invested in one or more of the following investment options for 6 months or more.


* Recontribution strategies may impact your eligibility.

 

Super and TTR
Ready-Made options
Conservative 
Balanced Growth
Indexed Balanced Growth
Sustainable Growth
High Growth
Your Choice options
Property and Infrastructure
International Shares
Australian Shares

 

In times of severe market decline, there is a risk that market volatility will reduce the level of tax savings we can pass on to you, and may reduce the Retirement Reward to zero for eligible investment options.

The amount you receive varies and may sometimes be zero. This depends on:
 
  • which option(s) you’re invested in
  • how long you have been invested in your investment options
  • your balance history in each investment option
  • how much you transfer into your new retirement income stream, and
  • HESTA’s tax position at the time you transfer into your new retirement income stream.
 
 
No, the HESTA Retirement Reward won’t count towards your concessional contributions cap.
 
 
 
Yes, your HESTA Retirement Reward will count towards the Transfer Balance Cap of . The Transfer Balance Cap is the limit on the total amount of superannuation that can be transferred into the retirement phase.
 
You'll need to make sure that the amount you transfer from your super or TTR account, plus your HESTA Retirement Reward and any other money you may hold in other retirement phase products, doesn’t exceed this cap.*
 
*The $2.1 million is the general Transfer Balance Cap for FY2026/27 and applies to members opening a retirement income stream for the first time. If you have previously held a retirement phase income stream, your personal Transfer Balance Cap may be lower. Go to the ATO website to check your personal cap or speak with a HESTA adviser.
 
 
 
At the discretion of the Trustee, the total amount of the HESTA Retirement Reward may be ‘clawed back’ if:
 
  • you redeem more than 50% of the opening balance of your account in the first 6 months after joining, or
  • you close your account in the first 6 months after joining.
 
The total HESTA Retirement Reward would be deducted from the balance before the remainder is paid to you.
 
 

 

 

retire your way

With a HESTA Retirement Income Stream, your super can become extra income to make your retirement even better.

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