5 minutes with Laura Dix


Once you’re accessing your HESTA Income Stream, it’s set and forget, right? Not always. HESTA’s Advice Manager Laura Dix reveals the two most frequent questions income stream members ask her – and they might surprise you.


1. Can I change how much I’m drawing down?

There are minimums that apply, but yes, you can change how much you’re drawing down. If you’re withdrawing the minimum amount, depending on which investment option you’re in, you might find that even though you’re making withdrawals, your balance might remain at a similar amount (depending on what the market is doing).

There are a few important things to note if you’re considering opening a Transition To Retirement (TTR) Income Stream account:

  • you can’t make lump-sum withdrawals until you reach age 65 or meet another condition of release, and
  • you can’t receive more than 10% of your account balance in one financial year, unless your super has an unrestricted non-preserved component or until you satisfy a condition of release.

2. When is my super going to run out?

We recommend getting in touch with our Advice team who can give you personal advice based on your circumstances. We often see retirees just withdrawing the minimum amount, so that they’re not taking away from their capital. But if you can afford to withdraw more and go on the holiday, do the renovation, or spoil your grandkids, what’s stopping you? You deserve to live your retirement the way you want to.




get a helping hand

If you've been through a big change that may affect your personal circumstances, like withdrawing a lump sum from your super, our Advice team can help. We can check whether your current income stream set up is optimised to meet your needs.

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