Build a retirement on your terms |
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Everyone’s vision of retirement is different, and that’s something to celebrate! Whether you dream of travelling extensively, taking on new hobbies, writing a novel, or enjoying quiet days at home, one thing usually holds true: Old Age Security (OAS) and the Canadian Pension Plan (CPP) alone aren’t enough for most people. That’s where your Saskatchewan Pension Plan comes in. It’s designed to help fill the gap between what government benefits provide and the retirement you’re working toward. |
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| Retirement math: Will I have enough money to retire? |
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| Experts often suggest you’ll need between 60-70% of your pre-retirement income each year to maintain your lifestyle in retirement, but this isn’t a one-size-fits-all scenario. Your definition of “enough” depends on your goals, health, housing, and the lifestyle you want to lead. That’s why it’s worth taking some time to picture your ideal retirement.
Start by asking yourself What kind of life will I want in retirement? Will you downsize or move somewhere new? Travel or stay close to family? Once you know the lifestyle you’re aiming for, you can start figuring out what that means for your budget. |
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| | Two handy tools can help you plan for retirement |
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| | | | Use the Budget Planner to get a clear picture of your expenses in retirement. |
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| | | | This Government of Canada Retirement Calculator shows what you can expect from OAS and CPP, so you can see how far these programs will take you. |
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| Whether you’re just starting to save for retirement, already saving steadily, or somewhere in between, we’re here to help you make sure your retirement dreams become a reality. |
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| Contributing to your SPP is easy |
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| However you imagine retirement, your pension plan is designed to work with your life. You can set a schedule or make contributions whenever it suits you. Contribute as much or as little as you like (within your RRSP limits): |
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| | | | | | With preauthorized contributions |
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| |  | | Through online banking or at your bank branch |
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| | * Must have available RRSP room. Past performance does not guarantee future results. |
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| Transferring your savings into SPP |
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| You can transfer your retirement savings directly into your SPP account and enjoy our low management expense ratio (MER) and professional fund management. It’s a simple way to set yourself up for a comfortable retirement. |
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| | | | | | | Please contact our office at 1.800.667.7153 and we'll help you get started. |
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Wondering about your plan? |
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Whether you need to talk through your options, want a quick check-in, or have a question to ask, we’re here whenever you need us. |
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| | | 1 (800) 667 7153 info@saskpension.com |
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