If you joined HESTA after 30 June, you’ll receive your first statement next year – but you can check your account details anytime in your online account. If you don’t have an online account, you can set yours up today – it’s the easiest way to keep track of your super.
In your statement you’ll find a summary of your account activity throughout the year, including the total balance at the end of the year. You’ll see the contributions made, investment earnings received and the fees paid during the year.
It’s a good idea to check details such as your address, the spelling of your name and whether we have your email address and your tax file number. If this information is incorrect, you can update it in your online account or you can contact us.
Check who you’ve nominated as a beneficiary to receive your account balance and any insurance benefits you may have if you pass away.
To find out about the different types of death benefit nominations you can make, please read How super works (pdf).
For the financial year ending 30 June 2023, employers were required to pay a minimum of 10.5% of your ordinary time earnings to your super account. From 1 July 2023 employer contributions rose to 11% for the 2023-24 financial year.
Check your transaction summary to make sure you’ve been receiving your entitled contributions from your employer.
Your statement will show you the fees you’ve been charged throughout the year, and what they're for. You can find out more about fees on the Fees and costs page or refer to the PDS.
Your statement shows the short and long-term investment performance of all our accumulation investment options.
Your investment summary on page two of your statement shows how much you have invested and in what options.
If you need help understanding your investment options, make a time to speak to one of our superannuation advisers.
If you’re eligible and a HESTA member, you’ll automatically receive Default Income Protection (IP) and Death Cover. HESTA Personal Super members must choose to receive Default Cover – it does not commence automatically. You can also apply for Total and Permanent Disability (TPD) Cover at an additional cost, if you decide you need it. This cover is subject to approval by the Insurer. The type of insurance you may need will depend on your personal circumstances as well as your stage in life.
If we don’t receive any contributions or roll ins into your account over 16 consecutive months, your cover will stop, unless you tell us you’d like to keep it. You can let us know you’d like to keep this cover by selecting ‘Please keep my insurance cover if I become inactive’ in your Preferences tab in your online account.
Your annual statement will show what kind of cover you had as at 30 June 2023. Bear in mind this may change between then and when you receive your statement, so make sure you regularly check your cover in your online account for your most up-to-date cover details.
If you think you may not currently have the right level of cover, try out our insurance cover calculator to work out what you might need.