Group savings plans offer you a convenient way to contribute toward your retirement or other savings goals. Your contribution is deducted from your paycheque and invested into products that you select.
There are two types of group savings programs, each with its own features and benefits:
- Group Registered Retirement Savings Plan (RRSP) program
- Group Tax-Free Savings Account (TFSA) program
Contact a Servus financial advisor today to talk about how you can save for your retirement.