MemberDirect MyLSM Interest Rates Home Mortgages Investing Calculators Contact Us LOCKED-IN RETIREMENT ACCOUNT Transferring funds from a Registered Pension Plan? You need a League Savings and Mortgage Locked-in Retirement Account (LIRA). A LIRA is like a RSP but has specific pension restrictions based on the jurisdiction. LEARN MORE TFSA RSP RIF LIF LIRA What exactly is a LIRA? LIRA FEATURES LIRA Features: A LIRA allows the holder to delay the purchase of a Retirement Income option deferring taxable income while their locked-in funds continue to grow. Unlike regular RSPs, you cannot make withdrawals from the LIRA. You may be eligible for a special withdrawal depending on age, balance and jurisdiction. Once you turn 71 you are required to convert your LIRA to a retirement income option. In the event of the death of the LIRA owner, the balance of their fund is available to their spouse, beneficiary, or estate. LOOKING TO TRANSFER AN EXISTING LIRA? Contact us for information. Ask for information on transferring an existing LIRA from another institution. At League Savings and Mortgage, our qualified staff will be pleased to discuss any aspect of your retirement options and explain our Locked-in Retirement Account in more detail. League Savings and Mortgage Company Address: 6074 Lady Hammond Road Halifax, Nova Scotia B3K 2R7 Phone: Local (902) 453-0680 Toll Free (800) 668-2879 Email: lsmhalifax@aclsm.ca Residential Mortgages Phone: Toll Free (833) 204-7532 Fax: Toll Free (833) 204-7533 Email: lsm@lenderservices.ca Investments Phone: Local (902) 453-4220 Toll Free (800) 668-2879 Fax: Local (902) 454-3116 Toll Free (866) 860-3116 Email: lsmhalifax@aclsm.ca Commercial Mortgages Phone: Local (902) 453-4220 Toll Free (800) 668-2879 Fax: Local (902) 453-4006 Toll Free (800) 304-6313 Email: commercialadmin@aclsm.ca © League Savings and Mortgage Company, 2020 Privacy | Legal | Glossary | Contact Us