LIF Payment

Calculate your LIF payment and track the value of your LIF.
Alberta
LIF value (maximum value $1,000,000)
100,000
Start payments at age (maximum 100 years)
71
Info Button
X
Input Error: Start age
Enter an age between 55 and 100.
End payments at age (maximum years)
90
Info Button
X
Input Error: End age
Enter an age between 71 and 100.
Rate of return (maximum value %)
4.00%
X
Input Error: Rate of return
Enter a value between and %.
Fixed payment (maximum value $25,000)
0
Inflation rate (maximum value %)
1.50%
Info Button
X
Input Error: Inflation rate
Enter a value between and %.
LIF Payment Schedule




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Assumptions
Maximum Life Income Fund (LIF) withdrawal percentages are effective January 1, 2022.
LIF payments are annual amounts and are made at the start of the year. Maximum LIF calculations for British Columbia, Alberta, Manitoba and Ontario are based on the greater of 1) the maximum withdrawal percentage factor and 2) the previous year's investment returns. For Manitoba, this calculator does not factor in the 6% of the value of transfers from a LIRA or pension plan during the current year that would be added to the previous year's investment returns. Maximum LIF calculations for New Brunswick, Nova Scotia, Newfoundland, Quebec, Saskatchewan and Federal jurisdications are based on the maximum withdrawal percentage factors. If the type of payment is Maximum, the actual payment will be greater of the Minimum and Maximum amounts. If the Minimum amount is greater than the Maximum, the Minimum amount must be withdrawn. If the type of payment is Fixed, the actual withdrawal will be the lesser of 1) the greater of the Minimum and Fixed amounts and 2) the Maximum amount.

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