income streams – the flexibility to work for you


In the current economic environment — where many are feeling the pinch or paying closer attention to their spending — the ability to adjust the income you’re drawing down from your income stream (within any set limits) according to your needs is a key benefit.

Whether you're transitioning to retirement or you're already fully retired, your HESTA for Mercy Income Stream gives you the flexibility to adjust your income within set limits.


Back to basics: what is an income stream and how can you benefit from one?

An income stream is an account-based pension and is a flexible way to access your super after you retire. One of the great things about our income stream is that it pays you a regular income – tax-free if you’re over 60 – while your super stays invested.

Other benefits are simplicity and flexibility. Your income is paid directly to your bank account at the frequency you choose. You can also set up your online account to manage your income stream account anytime, anywhere.

What are minimum drawdowns?

The government sets minimum amounts you must withdraw from your income stream account based on your age. It’s important to remember that these are the minimum amounts, and if you’re fully retired or over age 65 you can take more than the minimum as suits you and your circumstances (up to 10% for transition to retirement accounts).

In response to COVID-19 (2019-20 through to 2022-23 income years), minimum drawdown rates were temporarily halved. Post-COVID (from 1 July 2023), minimum drawdown rates have gone back to normal, as the table below shows.


Age 2013-14 to 2018-19 income years (inclusive) 2019-20 to 2022-23 income years (inclusive) 2023-2024 income years (onwards)
Under 65 4.0% 2.0% 4.0%
65-74 5.0% 2.5% 5.0%
75-79 6.0% 3.0% 6.0%
80-84 7.0% 3.5% 7.0%
85-89 9.0% 4.5% 9.0%
90-94 11.0% 5.5% 11.0%
95 or more 14.0% 7.0% 14.0%

Your income stream and the Age Pension

Talk to a member of our team about how your income stream could help supplement the Age Pension.

Book a time 

Access our Frequently asked Questions

Take a look at some of the questions our members regularly ask us.

Read our FAQs 

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