A Locked-In Retirement Account (LIRA) is a registered savings account designed to hold pension funds transferred from a former employer’s pension plan. Like an RRSP, a LIRA allows your investments to grow tax-deferred, meaning you don’t pay taxes on the earnings until funds are withdrawn.
Unlike a regular RRSP, the funds are “locked in” until retirement or until transferred to a retirement income option such as a LIF, depending on provincial regulations.
In general, LIRA combines the tax advantages and investment flexibility of an RRSP with added protection to ensure your pension savings are preserved for retirement. It’s an ideal solution for individuals transitioning from a pension plan who want to maintain growth while planning for long-term income security.
Direct: 236-427-3873
Cell: 604-916-5289
Office: 866-463-8972
Fax: 866-463-8972
Paulo Sergio Moulatlet, CFP
Investment Funds Advisor, Investia Financial Services Inc.
Life Insurance Advisor
404-1688 152 St Surrey,
BC V4A 4N2
Mutual funds, exempt market products and exchange traded funds are offered through Investia Financial Services Inc. The particulars contained herein were obtained from sources which we believe reliable but are not guaranteed by us and may be incomplete. The opinions expressed on this website have not been approved by and are not those of Investia Financial Services Inc. This website is not deemed to be used as a solicitation in a jurisdiction where this Investia representative is not registered.
