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RRIF minimum payment schedule
A RRIF provides you with the flexibility to make withdrawals on a schedule tailored to your unique retirement needs.
The table below shows the RRIF minimum withdrawal percentages for different ages.
-
Ages 55 – 59
-
Ages 60 – 69
-
Ages 70 – 79
-
Ages 80 – 89
-
Ages 90 – 99
Payment Schedule - Age Range 55 to 59
|
Your age - or your spouse's (the choice is yours)1 |
Annual minimum withdrawal %2 |
|---|---|
|
55 |
2.86 |
|
56 |
2.94 |
|
57 |
3.03 |
|
58 |
3.13 |
|
59 |
3.23 |
1 For customers under 71 years of age, Annual Minimum Payment for non-qualifying RIF is calculated as follows:
AMP = (value of RIF at beginning of the year) X 1 / (90 - planholder's or spouse's age)
2 Minimum withdrawal percentages are subject to change.
Payment Schedule - Age Range 60 to 69
|
Your age - or your spouse's (the choice is yours)1 |
Annual minimum withdrawal %2 |
|---|---|
|
60 |
3.33 |
|
61 |
3.45 |
|
62 |
3.57 |
|
63 |
3.70 |
|
64 |
3.85 |
|
65 |
4.00 |
|
66 |
4.17 |
|
67 |
4.35 |
|
68 |
4.55 |
|
69 |
4.76 |
1 For customers under 71 years of age, Annual Minimum Payment for non-qualifying RIF is calculated as follows:
AMP = (value of RIF at beginning of the year) X 1 / (90 - planholder's or spouse's age)
2 Minimum withdrawal percentages are subject to change.
Payment Schedule - Age Range 70 to 79
|
Your age - or your spouse's (the choice is yours)1 |
Annual minimum withdrawal %2 |
|---|---|
|
70 |
5.00 |
|
71 |
5.28 |
|
72 |
5.40 |
|
73 |
5.53 |
|
74 |
5.67 |
|
75 |
5.82 |
|
76 |
5.98 |
|
77 |
6.17 |
|
78 |
6.36 |
|
79 |
6.58 |
1 For customers under 71 years of age, Annual Minimum Payment for non-qualifying RIF is calculated as follows:
AMP = (value of RIF at beginning of the year) X 1 / (90 - planholder's or spouse's age)
2 Minimum withdrawal percentages are subject to change.
Payment Schedule - Age Range 80 to 89
|
Your age - or your spouse's (the choice is yours)1 |
Annual minimum withdrawal %2 |
|---|---|
|
80 |
6.82 |
|
81 |
7.08 |
|
82 |
7.38 |
|
83 |
7.71 |
|
84 |
8.08 |
|
85 |
8.51 |
|
86 |
8.99 |
|
87 |
9.55 |
|
88 |
10.21 |
|
89 |
10.99 |
1 For customers under 71 years of age, Annual Minimum Payment for non-qualifying RIF is calculated as follows:
AMP = (value of RIF at beginning of the year) X 1 / (90 - planholder's or spouse's age)
2 Minimum withdrawal percentages are subject to change.
Payment Schedule - Age Range 90 to 95+
|
Your age - or your spouse's (the choice is yours)1 |
Annual minimum withdrawal %2 |
|---|---|
|
90 |
11.92 |
|
91 |
13.06 |
|
92 |
14.49 |
|
93 |
16.34 |
|
94 |
18.79 |
|
95+ |
20 |
1 For customers under 71 years of age, Annual Minimum Payment for non-qualifying RIF is calculated as follows:
AMP = (value of RIF at beginning of the year) X 1 / (90 - planholder's or spouse's age)
2 Minimum withdrawal percentages are subject to change.
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