MEMBER NEWSLETTER
|
MARCH 2025
The simplest way to
invest in your future
No one likes to pay bills. Sure, it would be nice to get out of the task entirely, but automating your payments is the next best thing.
Setting your bills up to be automatically withdrawn from your bank account not only helps reduce the hassle, but ensures you never miss a payment (which, depending on the bill, can also help protect your credit rating). Plus, it helps prioritize necessary expenses, making managing your spending and day-to-day finances easier.
The consistency that comes with automatic payments is especially crucial when saving for retirement. While missing a contribution here and there might not feel like a big deal today, due to the nature of compound interest, the impact missed contributions have over the long-term can be substantial.
Make Saving Simple
Still not sure whether it’s worth the time to set up automatic payments for bills and investments? The advantages you gain can really add up.
Save Time
No need to spend time manually writing cheques, processing online payments or logging into multiple accounts to find and pay your bill.
Reduce Stress
Automated payments make it easier to manage the burden of keeping track of your financial priorities. No worrying about due dates or missed payments.
Improve financial discipline
Set aside money for savings and pay off bills and debts before you can spend it elsewhere. That can help reduce impulse spending and build healthier habits over time.
Avoid late fees and penalties
Protect your credit score and avoid unnecessary fees and charges. When bills are paid on time, there’s no worry of late charges and penalties cutting into your budget. 
Consistent investing maximizes growth
Automatic contributions help offset market volatility and allow your savings to take maximum advantage of compound returns, for exponential growth over time.
Reach your financial goals faster
Automating your savings and debt repayment makes it easier to be consistent, ensuring you make progress toward your goals every month, bringing them closer faster.
How to Set Up Pre-authorized Contributions with SPP*
Free up your time and mental space by setting up pre-authorized contributions from your bank account (PACs) or credit card (PCC). It’s not only the easiest way to invest, but proven to be one of the most effective ways to ensure continuous growth and performance.
Download the PAC/PCC sign-up form here.
Fill out, sign, and mail or email the form to our office.
Check back throughout the year to adjust your amounts based on your financial situation.
Download the PAC/PCC change form here.
If you prefer online banking, you can make contributions like clockwork as a scheduled payment through your bank, too.
*Must have available RRSP room. Funds are locked-in until age 55.
Get in touch with us!
Questions about your pension or want to know more about SPP? We’re here to help!
EMAIL US
info@saskpension.com
CALL US
1-800-667-7153