Whether you’re looking for more ways to save, going through a change at work, or retiring, the Manulife Personal Plan can help you every step of the way. If you’re an existing or previous Manulife group retirement member, the Manulife Personal Plan is available to you and your family1.

With easy-to-manage savings plans, you can invest and grow your money. And when you’re ready to retire, we’ve got you covered, with retirement income plans to help you maximize your savings.

Have questions? Call us at 1 866 991-3056 to speak with a Transition Specialist.

Unlike accounts you’d find elsewhere, the Manulife Personal Plan offers many of the same benefits of a group savings program, and more. With a wide range of investment choices, guidance and support, financial advice, and a Member Reward Program, you’ll have access to everything you need to help make the most of your money.

Saving for a new home? Gearing up for a new car? Planning for retirement? Whatever you’re saving for, the Manulife Personal Plan offers convenient savings options to help meet your unique goals. 

Registered Retirement Savings Plan (RRSP)

Build your retirement nest egg, lower your taxable income and pay less tax today.

Tax-Free Savings Account (TFSA)

Invest and grow your savings in a tax-free environment.

Non-Registered Savings Plan (NRSP)

Save beyond registered limits or for short-term needs.

When it’s time for your RRSP or locked-in savings from a pension plan to retire, you don’t have to give up tax-deferred investment growth. With everything in one place, you can turn your savings into retirement income with the Manulife Personal Plan. You’ll have access to financial guidance and advice from Manulife to help you make the most of your savings and manage your retirement. 

Registered Retirement Income Fund (RRIF)

Turn your non-locked-in savings into retirement income.

  • Use a RRIF to take non-locked-in money out of a RRSP, deferred profit sharing plan (DPSP), or your Registered Pension Plan (RPP).
  • Continue to enjoy tax deferred investment growth on your savings.
  • You must take out a minimum amount every year, but you can take more if you need it.
  • Tax will apply to any amount greater than the annual minimum. The rest of the money in your RRIF keeps growing without taxes until you take it out.

Life Income Fund (LIF)

Turn your locked-in savings into retirement income.

  • Use a LIF to take money out of a Registered Pension Plan (RPP), locked-in RRSP, locked-in retirement account (LIRA), or another LIF.
  • Availability depends on the rules in the province where your locked-in money is held.

We’re here to help as you go through a change at work. If you’re an existing Manulife group retirement member and you’re leaving your employer, you’ll need to decide what to do with the money you’ve saved. But you don’t have to decide alone.

Our team of professionals are here to help you understand your options so you can make the decision that’s best for you. Call us at 1 866 991-3056, Monday to Friday, 9 a.m. to 5 p.m. ET.

Compare your options

When you choose this option, you can continue to access your account using the same user ID and password. It offers many of the same benefits you have with your plan today. And more!

Call us at 1 866 991-3056, Monday to Friday, 9 a.m. to 5 p.m. ET.

Not all plans allow this option. Give us a call to better understand the options available to you.

Call us at 1 866 991-3056, Monday to Friday, 9 a.m. to 5 p.m. ET.

Transfer your savings into your new employer’s group retirement savings program.

You have the option of moving your money into a personal savings account i.e. RRSP or TFSA with Manulife (not part of the Manulife Personal Plan), or to another financial institution. 

Some of your savings may be “locked-in.” This means you may not be able to take the money until  you’re ready to retire. If your money isn’t locked-in, you may be able to take it as cash. Keep in mind, you may have to pay taxes on the money you take out.