| |
Westcoast
Watch! Edition
2004-02
Estimated 2004 IPP Maximum
Contribution Amounts January 2004
Individual Pension Plans (IPPs) The
estimated maximum Individual Pension Plan
contributions which can be made in 2004 for an IPP with past service
benefits from 1991 to 2003 are as follows:
|
|
|
PSPA* |
Maximum |
Maximum |
Total |
|
Age |
Past |
Past
Service |
Net
Past |
Current |
Maximum |
|
As
at |
Service |
Pension |
Service |
Service |
2004 |
|
01/01/2004 |
Liability |
Adjustment |
Contribution |
Contribution |
Contribution |
|
|
|
|
|
|
|
|
40 |
$223,900 |
$182,300 |
$41,600 |
$17,900 |
$59,500 |
|
41 |
228,100 |
182,300 |
45,800 |
18,200 |
64,000 |
|
42 |
232,400 |
182,300 |
50,100 |
18,500 |
68,600 |
|
43 |
236,800 |
182,300 |
54,500 |
18,900 |
73,400 |
|
44 |
241,300 |
182,300 |
59,000 |
19,200 |
78,200 |
|
45 |
245,900 |
182,300 |
63,600 |
19,600 |
83,200 |
|
46 |
250,600 |
182,300 |
68,300 |
20,000 |
88,300 |
|
47 |
255,300 |
182,300 |
73,000 |
20,400 |
93,400 |
|
48 |
260,200 |
182,300 |
77,900 |
20,800 |
98,700 |
|
49 |
265,100 |
182,300 |
82,800 |
21,100 |
103,900 |
|
50 |
270,100 |
182,300 |
87,800 |
21,500 |
109,300 |
|
51 |
275,200 |
182,300 |
92,900 |
22,000 |
114,900 |
|
52 |
280,500 |
182,300 |
98,200 |
22,400 |
120,600 |
|
53 |
285,800 |
182,300 |
103,500 |
22,800 |
126,300 |
|
54 |
291,100 |
182,300 |
108,800 |
23,200 |
132,000 |
|
55 |
296,700 |
182,300 |
114,400 |
23,700 |
138,100 |
|
56 |
302,300 |
182,300 |
120,000 |
24,100 |
144,100 |
|
57 |
308,000 |
182,300 |
125,700 |
24,600 |
150,300 |
|
58 |
313,900 |
182,300 |
131,600 |
25,000 |
156,600 |
|
59 |
319,900 |
182,300 |
137,600 |
25,500 |
163,100 |
|
60 |
325,900 |
182,300 |
143,600 |
26,000 |
169,600 |
|
61 |
332,100 |
182,300 |
149,800 |
26,500 |
176,300 |
|
62 |
338,400 |
182,300 |
156,100 |
27,000 |
183,100 |
|
63 |
344,800 |
182,300 |
162,500 |
27,500 |
190,000 |
|
64 |
351,300 |
182,300 |
169,000 |
28,000 |
197,000 |
|
65 |
346,200 |
182,300 |
163,900 |
27,600 |
191,500 |
|
66 |
372,200 |
182,300 |
189,900 |
29,700 |
219,600 |
|
67 |
400,100 |
182,300 |
217,800 |
31,900 |
249,700 |
|
68 |
430,100 |
182,300 |
247,800 |
34,300 |
282,100 |
|
69 |
462,300 |
182,300 |
280,000 |
36,900 |
316,900 |
*
PSPA amount is assumed to be transferred from the member’s RRSP
to the IPP as a qualifying transfer. Please
note that these are the maximum amounts for someone born on January
1st with exact age as at January 1, 2004 with maximum pensionable
earnings each year from 1991 to 2003. The actual amount may
vary depending on the actual date of birth and actual earnings history
of the individual. For a quotation with actual date of birth
and earnings history, please use
Westcoast Actuaries Inc.'s
IPP
On-Line Quoting System©.
This
WESTCOAST WATCH publication is for information purposes only.
Every effort has been made to ensure the accuracy of the information
provided herein. However, no person or firm involved in
the preparation or distribution of this bulletin accepts any
liability for its contents or use. Should you have any
questions or wish to discuss any of the information presented,
please contact our consulting actuaries below:
• Stephen Cheng Tel: (604) 732-0898
Email: stephen@WAInc.ca |
|
