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For whom is this service intended? | For you, if you: |
What are the advantages of this on-line service? | You will be able to: - find out how much life income or temporary income you can draw from your LIF
- evaluate your withdrawal and other options, based on your age
- use the results to help choose your financial strategies
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Which LIFs are included in the service? | - The service includes the LIFs subject to the Supplemental Pension Plans Act.
- The service does not include the LIFs subject to another law, for example, those under federal jurisdiction.
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Important | - Neither the Régie des rentes du Québec nor your financial institution receives any of the data entered.
- The simulation tool calculates the life income and temporary income you can draw for a given year based on the information that you enter. The income that your financial institution pays to you may be different if:
- the data used for the calculation is incorrect
- tax is withheld
- the terms of your contract include fees.
- The calculations are made for the current year. They may be made for the following year if the reference rate (calculated using statistics on interest rates) is known.
- Before applying for a temporary income from your financial institution, be sure that your contract includes a temporary income option.
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