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Rating:A Registered Retirement Income Fund is a tax-deferred retirement plan under Canadian tax law. Individuals use an RRIF to generate income from the savings accumulated under their Registered Retirement Savings Plan. As with an RRSP, an RRIF account is registered with the Canada Revenue Agency. The option exists to convert a RRSP into a RRIF anytime on or before an individual reaches their 71st year.
read moreThe Employee Retirement Income Security Act of 1974 is a federal law that establishes minimum standards for pension plans in private industry and provides for extensive rules on the federal income tax effects of transactions associated with employee benefit plans.
read moreThe Commission for Financial Capability, is a Crown Entity under the New Zealand Crown Entities Act 2004. The Commission works to improve the financial capability of all New Zealanders throughout their lives through education, information and promotion. The Commission for Financial Capability operates under the NZ Superannuation and Retirement Income Act, which provides the statutory framework for its operations.
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