HESTA Superannuation Review

HESTA’s balanced growth product currently charges:

$1 per week and 0.15% p.a. administration cost and fees

0.61% investment fees and costs

0.05% transaction fee

HESTA also charges 0.04% p.a. administration fee paid from fund assets not your account.

HESTA Super’s Balanced Growth MySuper option saw a 1 year return of 9.6%. HESTA Super’s MySuper Balanced Growth product also saw a 5 year return of 6.6% p.a.

HESTA Super pays a superannuation retirement bonus (HESTA Retirement Reward).

HESTA Super members will be eligible to access the retirement reward if they transition to a HESTA retirement income stream, have held a HESTA super or TTR account for 6 months or more and have been invested in one of the identified investment options for 6 months or more (Super and TTR Ready-Made options: Conservative, Balanced Growth, Indexed Balanced Growth, Sustainable Growth, High Growth or Your Choice options: Property and Infrastructure, International Shares, Australian Shares).

HESTA retirement bonus varies and may sometimes be zero, it depends upon which option(s) a member was invested in, how long they have been invested in that investment option, balance history in each investment option, how much is transfer into the new retirement income stream, and HESTA’s tax position at the time of transfer.