RRIF minimum payment schedule
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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