
Get exclusive money-saving offers and guides
Straight to your inbox
HESTA is an industry super fund dedicated to the health and community services sector and open to all Australians. As an industry fund, all its profits go to members, not shareholders. If you’d like your superannuation managed for you, you can choose from four main investment pools and let HESTA do the rest. Or, if you’d like more control, you can choose your own investment strategy from a range of asset classes.
0%
Past performance - 1 year
6.27%
Past performance - 5 Years
$538.53
Calculated fees p.a. on $50,000 balance
We’re reader-supported and may be paid when you visit links to partner sites. We don’t compare all products in the market, but we’re working on it!
Product Name | HESTA Balanced Growth |
---|---|
Past performance - 5 Years | 6.27% |
Annual admin fee | $76.47 + 0.09% of balance p.a. |
Insurance included | Death,TPD,Income Protection |
Number of members | 879,000 |
Performance figures quoted on this page are correct to June 2020, according to Chant West. Investment returns are not guaranteed. Past performance is not a reliable indicator of future returns.
HESTA offers several different ways to invest, depending on your risk appetite and how involved you want to be. You can choose between five pre-made investment pools which offer ready made diversified investment options that are managed on your behalf. Or, you can choose between a range of single asset options to design your own investment portfolio.
With HESTA, you do not pay any entry fees, account set-up fees or exit fees, nor do you pay any fees for buy-sell spreads. You can also switch investment options at any time for free.
Annual admin fee: $76.47 plus 0.09% of balance.
Indirect cost ratio (including investment fees): 0.83%
Calculated annual cost on $50,000 balance: $538.53
*Fee data supplied by Chant West. For a more detailed breakdown of the fees and charges, including the fees and charges for alternative investment options, read the product disclosure statement (PDS) available on HESTA’s website.
An income stream allows you to draw a regular income from your super when you're retired or close to retiring, while your balance remains invested. There are two income stream options available: a Transition to Retirement (TTR) Income Stream if you are still working or a Retirement Income Stream if you're retired. You can choose between five ready-made diversified options, or design your own investment strategy with the choice of five individual sector options.
The five diversified investment options vary in risk level and include a Balanced, Defensive, Conservative, Eco or Active option, depending on the level of risk you want to accept prior to or during your retirement. If you'd rather opt for the sector specific investment options, you can choose between Cash, Term Deposits, Property, Australian Shares and International Shares.
Automatic death and income protection cover is applied to your account when you join. You can opt out of this if you wish when you join, or cancel at any time after your account is opened. You can also tailor it to better suit your needs. You can also apply for lump-sum total and permanent disablement (TPD) cover if you wish.
If you’ve decided that HESTA’s super account is right for you, you can apply online by filling out the application form.