Locked‑in retirement account (LIRA)

A safe choice for your future

If you have funds from a registered pension plan (employer pension fund) or a locked‑in retirement account (LIRA) with another financial institution, you can set up a LIRA with Épargne Placements Québec and benefit from competitive rates.

A LIRA with Épargne Placements Québec offers many advantages:

• A range of attractive products.
• No management or administration fees.
• You are the sole manager of your funds.
• Your funds are 100% guaranteed by the Québec government, regardless of amount or term.

Moreover, for any amount of $1 000 or more transferred into one of our registered accounts and invested in a term product, you receive a refund of transfer fees of up to 5% of the amount transferred, to a maximum of $150.

The LIRA is a retirement savings account that can only receive amounts from a pension fund of an employer subject to Québec regulation.

The main conditions are:

• No minimum age to open a LIRA.
• No withdrawals are allowed.
• No subsequent deposit is allowed, unless the amounts come from another employer pension fund, another LIRA or a life income fund (LIF).

Want to open an Épargne Placements Québec LIRA or obtain more information? Simply contact one of our investment officers.