Individual Pension Plans

As your advisor, providing advice on saving for your retirement involves a lot of careful planning. Many Professionals and Business Owners are not aware of all the investment vehicles that are available to them. One of the little known about Investment Vehicles that are ideal for Business Owners is called an Individual Pension Plan (IPP).

I have listed some of the benefits for Business Owners and Professionals here, however, to learn more about IPPs, please contact me directly at: 604.535.4306 or Christine.fortin@nbpcd.com.

Benefits of IPPs for Business Owners and Professionals:

For individuals over age 40, an IPP allows for higher tax-deductible contributions than an RRSP.

Assets within an IPP can be protected from creditors.

In most cases, significant lump-sum past service contributions can be made when first establishing an IPP.

Higher tax-deductible ongoing contributions...the older the member, the greater the contribution

IPP contributions may be topped up if investment returns are insufficient. In an RRSP, poor investment performance cannot be made up for by additional contribution.

Significant tax-deductible lump sum contributions at the time of actual retirement are possible in most circumstances.

Allows small business owners to defer taxes and confidently plan for retirement.