Pre Authorized Contributions (PAC)
Take the stress out of investing with monthly contributions to your RRSP. Through monthly RRSP contributions (versus making one annual RRSP contribution) you take advantage of the benefits including:
- your money is working for you sooner and it works harder for you because it earns more interest (compounding interest)
- you pay yourself first - rather than waiting until February to see how much you can afford during the last minute rush
- investing regularly can lower the cost of your investments (dollar cost averaging)
At Servus Credit Union we understand the importance of saving for your retirement to secure your future. We have access to a number of RRSP investment options to provide a secure, independent source of income for your retirement. In addition, an RRSP offers other unbeatable advantages:
- your contribution to an RRSP can be deducted from your taxable income up to limits set by Canada Revenue Agency (CRA)
- your investment continues to grow in a tax-free environment until you withdraw it
If you don't have a retirement plan one of our representatives would be happy to assist you in choosing the right RRSP options for your lifestyle and needs.
Contact us today for more details or to make an appointment with one of our Personal Bankers.
Phone 496.2000 or toll free 1.877.496.2151 or email.
|
