Income from an LIRA or LIF

If you have a locked-in retirement account (LIRA) or a life income fund (LIF), find out the amounts that you will be able to withdraw.

Your LIRA cannot be used to pay you a retirement income. To obtain an income, you must transfer the amounts in your LIRA to a LIF or purchase a life annuity from an insurer.

What you need to know

• Types of income from your LIF
• Income depending on your age
• LIRA or LIF refunds
• The ABCs of LIRAs
• The ABCs of LIFs

Another useful links...

• Online services for LIRAs and LIFs