Locked-In Plans

Right for you if:

  • You are ready to retire

  • Your employer decides to wind up its pension plan

  • Locked-In funds originate from a Registered Pension Plan

  • Locked-In funds are not available until you retire or reach a specified age

  • Tax sheltered accounts with the ability to direct the investments inside the account

  • Even though you have investment control of the funds, the governing legislation controls the use of the funds.

  • PLUS:
    Locked-in funds are comprised of:

  • Employer contributions to the plan on behalf of an employee.

  • Employee contributions to the pension plan.

  • A combination of the above.

  • Locked-In savings plans (LRSPs/LIRAs/RSLPs) must be converted to a locked-in income plan by December 31st of the year you turn 71.

    Annual fee: varies according to the type of investment you choose

    View our Mutual Fund Prices & More

    View our Current Rates

    Withdrawals are not allowed from an LRSP/LRIA/LRSP, except in very exceptional circumstances, and there is a maximum amount that can be withdrawn each year from a LIF/LRIF/PRIF/RLIF.

    The following types of locked-in plans are available:

    Savings

    • Locked-In Retirement Savings Plan (LRSP)
    • Locked-In Retirement Account (LIRA)
    • Restricted Locked-In Savings Plan (RLSP)

    Income

    • Life Income Fund (LIF)
    • Locked-In Retirement Income Fund (LRIF)
    • Prescribed Retirement Income Fund (PRIF)
    • Restricted Life Income Fund (RLIF)
    • Life annuities are available from Life Insurance companies only.

    Each governing jurisdiction decides which of the above plan(s) are offered.

    Get Started

    Need some help planning 
    your retirement future?

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    Call one of our Personal Investment Advisors 
    Mon-Fri (8am-8pm)

    1 (800) 268-9269
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