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.

Plan details

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 plan

Speak to your TMC Wealth representative to discuss group retirement plan options to help meet your business needs.