Understanding your VESP group savings plan
The modernized VESP provides you with more investment options, as well as an optimized member experience thanks to iA Financial Group’s online and mobile tools.
In addition to a non-registered account, which is where your contributions are deposited, you can also take advantage of the fiscal benefits offered by the group tax-free savings account (TFSA) and the group registered retirement savings plan (RRSP) that are now available to you.
Here’s how it works
- You must enrol in the default non-registered account, which will trigger the transfer of your current VESP savings to the modernized VESP. As soon as you do, your new contributions will be deposited in this account.
While enrolling to the default non-registered account, you will also be invited to enrol in your VESP group TFSA.
- Enrolling in your group RRSP is optional; you can choose to do so at a later date.
- At any time, you can transfer any amount from your non-registered account to your group TFSA or group RRSP (see below for an overview of the benefits of each plan) by logging into your secure account in My Client Space and making the transfer. You can also call our Customer Service agents and ask them to make the transfer for you (a fee of $25 applies in this case).
So first things first! To enrol, simply follow the instructions in the Benefits of enrolment tab.