SaskWorks Venture Fund Inc.
Payroll Investment Plan
The SaskWorks Payroll Investment Plan (PIP) is a simple, tax efficient and effective way for employees to build their retirement savings. From a financial advisor’s perspective, the program is a value-added service that may be offered independently or as a component of a group benefits plan.
The PIP allows employees to make direct contributions to their SaskWorks investment each pay-period. The 32.5% tax credit and the RRSP tax deferral are received at source, that is, deducted from the income tax paid each pay period so employees will only see a minimal reduction in their net pay. At no cost to the employer and with a simple one-time set up, the SaskWorks PIP is an attractive retirement savings plan and effective employee retention strategy.
Active SaskWorks Payroll Investment Plan Companies