retirement income stream
Access a regular income from your super while your money keeps working hard for you.
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Tax effective
Access tax-free income payments from age 60. Receive tax-free investment earnings.
Retirement Reward
When you start a HESTA for Mercy Retirement Income Stream, you may be eligible for the Retirement Reward.
Simple and flexible
Receive a regular income paid directly to your bank account. Choose how much and how often to be paid (within government limits).
Works with the Age Pension and Centrelink
Your income stream payments could supplement the Age Pension. Talk to us about how this could work or contact Centrelink.
Manage your account online
Set up your online account to manage your income stream anytime, anywhere.
advice is one of the benefits of your membership
You may be eligible to open a HESTA for Mercy Retirement Income Stream if you’ve:
- reached your preservation age and fully retired, or
- ceased an employment arrangement on or after age 60, or
- reached age 65, or
- become permanently incapacitated, or be terminally ill, or
- been using a TTR Income Stream while continuing to work, and are now ready to stop working, or have met one of the other conditions
- have accumulated a minimum balance of $50,000 in HESTA for Mercy Super to convert into an income stream.
Your preservation age is the age at which you can generally start accessing your super. This is now 60 years of age for anyone who meets a condition of release.
See How super works (pdf) for more details.
The minimum amount you can invest is $50,000. If your total super balance (across all your super funds) is $1.9 million or more at the start of this financial year, you should seek financial advice before you contribute any after-tax earnings to your super as there may be tax consequences. Learn more about how after-tax contributions work in How super works (pdf) and How super is taxed (pdf).
You can also read our Income Stream PDS (pdf) for details.
The amount you choose to receive as an income is up to you – but the government has set a minimum amount that must be paid to you each year from your income stream. The minimum is a percentage of your account balance at the beginning of each financial year or on the start date of your income stream (pro-rata in the first year).
You can change the frequency, drawdown and amount of your income stream payments in your online account or by completing the Income Stream payment change form (pdf).
Any remaining account balance can be paid to your chosen beneficiaries after your death. You can choose who your super goes to.
Find out more about nominating beneficiaries.
how much can I draw down in 2024/25?
You can change the frequency, drawdown and amount of your income stream payments in your online account or by completing the Income Stream payment change form (pdf).
Drawdown amounts
| Your age | Minimum |
Maximum |
| Under 65 | 4% | 10% (TTR only) |
| 65-74 | 5% | No maximum |
| 75-79 | 6% | No maximum |
| 80-84 | 7% | No maximum |
| 85-89 | 9% | No maximum |
| 90-94 | 11% | No maximum |
| 95+ | 14% | No maximum |
The minimum drawdown is the percentage of your income stream account balance that you must withdraw each financial year.
This is the maximum allowable amount Transition to Retirement Income Stream members can withdraw each financial year.
There is no maximum drawdown amount for Retirement Income Stream members, it's your money and you can withdraw as much as you want.
Minimum and maximum drawdown amounts are set by the Federal Government at the beginning of each financial year.
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Download the HESTA for Mercy Income Stream Product Disclosure Statement to start your application.