income streams – the flexibility to work for you


In the current economic environment – where many are feeling the pinch or paying closer attention to what they’re spending – the ability to adjust the income you’re drawing from your income stream (within any set limits) according to your needs is a key benefit.

Whether you're transitioning to retirement or you're already fully retired, your HESTA Income Stream gives you the flexibility to adjust your income within set limits.


Back to basics: what is an income stream and how can you benefit from one?

An income stream is an account-based pension and is a flexible way to access your super after you retire. One of the great things about our income stream is that it pays you a regular income – tax-free if you’re over 60 – while your super stays invested.

Other benefits are simplicity and flexibility. Your income is paid directly to your bank account at the frequency you choose. You can also set up your online account to manage your income stream account anytime, anywhere.

What are minimum drawdowns?

The government sets minimum amounts you must withdraw from your income stream account based on your age. It’s important to remember that these are the minimum amounts, and if you’re fully retired or over age 65 you can take more than the minimum as suits you and your circumstances (up to 10% for transition to retirement accounts).

In response to COVID-19 (2019-20 through to 2022-23 income years), minimum drawdown rates were temporarily halved. Post-COVID (from 1 July 2023), minimum drawdown rates have gone back to normal, as the table below shows.


Age 2013-14 to 2018-19 income years (inclusive) 2019-20 to 2022-23 income years (inclusive) 2023-24 income years (onwards)
Under 65 4.0% 2.0% 4.0%
65-74 5.0% 2.5% 5.0%
75-79 6.0% 3.0% 6.0%
80-84 7.0% 3.5% 7.0%
85-89 9.0% 4.5% 9.0%
90-94 11.0% 5.5% 11.0%
95 or more 14.0% 7.0% 14.0%

We’re here to help

It’s important to note that everyone’s financial circumstances are unique and there is no ‘one size fits all’ approach to structuring your income stream and how much you decide to receive as income.

The rules around pension drawdowns, tax, and the Age Pension are complex. We’re here to help you get the most from your retirement and ensure that your money works for you – here are some resources you may find helpful.


Your income stream and the Age Pension

Talk to a member of our team about how your income stream could help supplement the Age Pension.

Book a time 

‘Retirement and beyond’ seminar

Our Retirement and beyond seminar will take you through what you can do today to ensure you get the best possible outcome for tomorrow.

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Access our Frequently asked Questions

Take a look at some of the questions our members regularly ask us.

Read our FAQs 

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