Non-registered savings plan (NRSP)
Save beyond registered limits and for short term needs
A Non-registered Savings Plan (NRSP) helps your plan members save beyond the limits of their Registered Pension Plan (RPP) or group Registered Retirement Savings Plan (RRSP). They can use the savings in an NRSP for any purpose—including supplementing their retirement savings.
What is an NRSP?
Savings can be accessed at any time, even before retirement
No requirement for plan sponsors to contribute
Contributions are not tax-deductible and investment returns are not tax-sheltered. No tax is deducted upon withdrawal.
A Manulife NRSP helps plan members:
Grow their savings, often with lower investment management fees than individual accounts
Build customized, diversified portfolios with access to leading institutional and retail fund managers
Contribute easily to their savings by payroll deduction
Choose your group retirement and savings plan
Speak to your Manulife representative to discuss group retirement and savings plan options to help meet your business needs.