unlocking the benefits of retirement income

It's now even easier to start an income stream at HESTA, so more members can benefit from tax-free income and investment earnings.

We have two types of income streams:

• A Retirement Income Stream is an account-based pension that allows members to access their super in regular, flexible payments, just like a salary.
  
  
• A Transition to Retirement Income Stream can help members reduce their working hours while maintaining their salary, or boost their super before they retire.

Retirement income streams just got more accessible

From 30 September 2026, we’ve cut the cost of HESTA’s Income Stream account. The fixed admin fee dropped to $65 a year and the asset-based fee fell to 0.18% - a saving of more than 18% on those two fees for someone with a $50,000 balance.

We've also dropped the minimum balance needed to start a HESTA Income Stream - from $10,000 down to just $250.

This means even more HESTA members can enjoy tax-free income payments from age 60 plus tax-free investment returns from age 60, once you're retired.

Lowering the minimum balance required to open an income at HESTA is how we're adapting to the realities of modern retirement and providing members with the tools they need to improve their retirement outcomes.

Retirement is not a one-size-fits-all experience. Our low minimum balance requirement opens up access to income stream products for more members, providing them with tax-free investment returns on retirement and, if eligible, the HESTA Retirement Reward.

We’re committed to giving you greater flexibility to design the retirement you want.