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Westcoast Watch! Edition WW-2007-01

 

IPP Estimated 2007 Maximum Contribution Amounts

Individual Pension Plans (IPPs) – Connected Persons*

The estimated maximum Individual Pension Plan contributions which can be made in 2007 for an IPP with past service benefits from 1991-2006 and 2007 current service contributions are as follows:  

Exact Age
as at 01/01/2007
Past Service Liability       PSPA** Maximum Net Past Service Contribution 2007 Current Service Contribution 2007 Current Service Contribution Total 2007 Maximum  Contribution
Past Service Pension Adjustment 
(years) ($) ($) ($) ($) (%) ($)
40 319,184 281,000 38,184 20,684 18.6% 58,868
41 325,248 281,000 44,248 21,076 19.0% 65,324
42 331,408 281,000 50,408 21,476 19.3% 71,884
43 337,696 281,000 56,696 21,883 19.7% 78,579
44 344,096 281,000 63,096 22,298 20.1% 85,394
45 350,608 281,000 69,608 22,720 20.4% 92,328
46 357,264 281,000 76,264 23,151 20.8% 99,415
47 364,032 281,000 83,032 23,590 21.2% 106,622
48 370,928 281,000 89,928 24,037 21.6% 113,965
49 377,968 281,000 96,968 24,493 22.0% 121,461
50 385,136 281,000 104,136 24,957 22.5% 129,093
51 392,432 281,000 111,432 25,430 22.9% 136,862
52 399,872 281,000 118,872 25,912 23.3% 144,784
53 407,456 281,000 126,456 26,404 23.8% 152,860
54 415,184 281,000 134,184 26,904 24.2% 161,088
55 423,056 281,000 142,056 27,414 24.7% 169,470
56 431,072 281,000 150,072 27,934 25.1% 178,006
57 439,232 281,000 158,232 28,463 25.6% 186,695
58 447,568 281,000 166,568 29,003 26.1% 195,571
59 456,048 281,000 175,048 29,553 26.6% 204,601
60 464,704 281,000 183,704 30,113 27.1% 213,817
61 473,504 281,000 192,504 30,684 27.6% 223,188
62 482,480 281,000 201,480 31,266 28.1% 232,746
63 491,632 281,000 210,632 31,858 28.7% 242,490
64 504,480 281,000 223,480 32,691 29.4% 256,171
65 516,496 281,000 235,496 33,469 30.1% 268,965
66 555,216 281,000 274,216 35,979 32.4% 310,195
67 596,864 281,000 315,864 38,678 34.8% 354,542
68 641,632 281,000 360,632