retire your way with HESTA
Living your ‘next chapter’ or the ‘third act’? Whatever you call retirement, we hope you’re having the time of your life.
retirement means different things for different people
It might mean taking your foot off the pedal after many years of working, travelling, spending time with your family, or simply revelling in having more time for the things you love. No matter what your story, age or ‘retirement status’ is, HESTA is here to help you understand your options and meet your retirement goals.
To see what we offer, choose the option that best reflects your situation and learn more about what you can do to make the most of your income in retirement.
choose an option that best reflects your situation
There's no set retirement age in Australia, so you can generally retire when you want to.
Your super is designed to help support you financially when you retire, so the government has set rules on when you can access it. These are called ‘preservation rules’.
Generally, you can access your super when you’ve met a condition of release:
- when you’ve permanently retired or commence a transition to retirement income stream on or after preservation age which is now 60 years of age
- after reaching age 60, when an employment arrangement ceases
- when you reach age 65
- if you become permanently incapacitated
- if you have a terminal medical condition
- under financial hardship conditions.
Your preservation age is the age at which you can generally start accessing your super.
This is now 60 years of age unless you meet a condition of release.
Get the full details in How super works (pdf).
If you’ve reached preservation age and/or meet a condition of release, you can access a regular income from your super while your money keeps working hard for you with a retirement income stream.
It's an account-based pension, and a flexible way to access your super after you retire.
By opening a retirement income stream (eligibility criteria applies) using your super, you can receive a regular income (tax-free if you're over 60) while your balance stays invested with a top-performing fund.*
Speak to a HESTA super specialist to work out how you can maximise your super before you reach preservation age. A HESTA super specialist can help you get the most out of your superannuation investments and talk through your options based on your personal circumstances.
You can book a time with them whenever you need. It’s all part of being with HESTA.
Already retired? HESTA is here to help you understand your retirement income options and how to make the most of this new phase of life.
We can help you understand your retirement income options, including maximising your super before you set up an income stream, strategies to grow your wealth and reduce tax.
You can book a time with a HESTA super specialist whenever you need. There’s no extra cost for the initial session: it’s all part of being with HESTA.
what our members think
“I’m now working with my HESTA Superannuation Adviser to start my retirement plan and set up a HESTA Income Stream. My adviser helps me by building my confidence and managing the current and future risk so I can achieve what I expect from my retirement.”
Victor, HESTA member
Already set up a retirement income account with another fund? It’s always worth checking how it stacks up against your other options. It’s like choosing who you bank with: you want to know you’re being looked after with the best product for you that's aligned with your values.
Recognised as one of the best
The HESTA Income Stream has a long track record of industry-leading value. And that includes help and advice anytime from a super specialist to compare your options and make the most of your choices.
our super specialists can help with your retirement options
HESTA super specialists can talk to you one-on-one or over the phone about retirement options. Choose a time to chat with us or call 1300 734 479.
Product ratings and awards are only one factor to be considered when making a decision.
Ratings are published by SuperRatings Pty Ltd (SuperRatings) ABN: 95 100 192 283 a Corporate Authorised Representative (CAR No.1309956) of Lonsec Research Pty Ltd ABN 11 151 658 561, AFSL No. 421445 (Lonsec Research). Ratings are general advice only and have been prepared without taking account of your objectives, financial situation or needs. Consider your personal circumstances, read the product disclosure statement and seek independent financial advice before investing. The rating is not a recommendation to purchase, sell or hold any product. Past performance information is not indicative of future performance. Ratings are subject to change without notice and SuperRatings assumes no obligation to update. SuperRatings uses objective criteria and receives a fee for publishing awards. Visit superratings.com.au for ratings information and to access the full report. © 2024 SuperRatings. All rights reserved.
The Zenith CW Pty Ltd ABN 20 639 121 403 AFSL 226872/AFS Rep No. 1280401 Chant West rating (assigned February 2024) is limited to General Advice only and has been prepared without considering your objectives or financial situation, including target markets where applicable. The rating is not a recommendation to purchase, sell or hold any product and is subject to change at any time without notice. You should seek independent advice and consider the PDS or offer document before making any investment decisions. Ratings have been assigned based on third party data. Liability is not accepted, whether direct or indirect, from use of the rating. Past performance is not an indication of future performance. Refer to www.chantwest.com.au for full ratings information and our FSG.