Sentences with phrase «savings pension splitting»
Don't miss these tax savings Pension splitting: You may be able to transfer up to 50 % of your pension benefits to a lower - earning spouse or common law partner.
http://www.moneysense.ca/ Not exact matches
Im planning on living off my personal pension [which im moving into a sipp soon to reduce charges] and cash savings from 55 to 67 yrs which will be in about 28 months At present its a 30 % equities 70 % cash split.
In retirement, singles can't take advantage of pension splitting, so they could end up paying more tax on their RRSP savings when they withdraw them as well.
«This is a significant achievement, for Martha has an average income, no spousal contributions to savings, no spousal splitting of pension income that will eventually come from her RRSP converted to a Registered Retirement Income Fund, and steady but not exceptional investment performance,» Moran concludes.
Since their home has a fair amount of equity, Diane agrees to let Sam have half the savings and his full pension, so the asset split is about even.