With summer on the horizon, it’s the perfect time to pause and check in on your financial plans. Even small adjustments can set you up for more peace of mind down the road. For example, bringing your retirement savings together in one place can make it easier to track your progress and plan for your future.
Thinking of transferring in to SPP?
You can transfer existing unlocked Registered Retirement Savings Plans (RRSPs), Registered Retirement Income Funds (RRIFs), Registered Pension Plans (RPPs), or Deferred Profit Sharing Plans (DPSPs) into your SPP account. Here’s why it might make sense for you:
Strong long-term growth
SPP has delivered a historical average return of 8%*
Simple & organized
Having your retirement savings in one place makes things easy
Low MER
With a targeted Management Expense Ratio under 1%, more of your money stays working for you
Professional management
Your savings are overseen by experienced fund managers
No tax implications
This is considered a direct transfer, so there is no effect to your income tax
Flexible pension options
Choose between an annuity or variable benefit (or transfer out)
*Past performance does not guarantee future results.
How to transfer-in funds to SPP
Transferring funds is easy. If you're transferring from an unlockedRRSP or RRIF, just follow these few simples steps:
Download or request a copy of the transfer-in form via phone or email.
Complete Area 1 – Annuitant section of the transfer-in form (no other sections are required to be filled out by you).
Return the completed form to our office. Feel free to use our postage paid return address label.
If you're transferring from an RPP or DPSP, call us at 1-800-667-7153. We'll confirm if you can transfer the funds and help you get the process started.
Other ways to grow your SPP
Contributing to your SPP is convenient. You have the freedom to contribute as much as you choose (within your RRSP limits), whenever it works for you.
CONTRIBUTE THROUGH YOUR BANK
Simply set up your SPP as a payee in your bank account and you can easily contribute online or in person at your local branch.
ONLINE VIA CREDIT CARD
Make an immediate contribution to your account with your VISA or MasterCard. It’s easy!
