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DECLARATION RE: BRITISH COLUMBIA LOCKED IN FUNDS TO: COMPUTERATE TRUST COMPANY OF CANADA, as Trustee; and, the Investment Dealer RE: Prescribed Locked In Retirement Account (LIRA) Life Income Fund

How to fill out locked-in retirement account addendum

How to fill out locked-in retirement account addendum?

1. Obtain the locked-in retirement account addendum form from your financial institution or retirement plan administrator. This form is typically required when you have a locked-in retirement account and need to make changes or updates to your account details.
2. Fill in your personal information accurately. Provide your full name, address, and contact information. Ensure that all the details align with your records in the retirement account.
3. Indicate the specific changes or updates you want to make. Whether you need to update your beneficiary information, change your investment allocations, or make a withdrawal request, clearly state the purpose of the addendum.
4. If you are making changes to your beneficiary designation, provide the full name, relationship to you, and contact information of the new beneficiary. Make sure to include any necessary documentation, such as a copy of their identification or proof of relationship.
5. If you are altering your investment allocations, indicate the new funds or investment options you wish to select. Specify the percentage or dollar amount you want to allocate to each option. If you are unsure, consult with a financial advisor or refer to the plan's investment menu and guidelines.
6. If you are requesting a withdrawal, state the amount you wish to withdraw and the reason for the withdrawal. Ensure that you are aware of any restrictions or penalties associated with early withdrawals from a locked-in retirement account.
7. Review the completed addendum form thoroughly, ensuring that all the information provided is accurate and complete. Double-check for any missing or incomplete sections.
8. Sign and date the form in the designated areas. If needed, have the form witnessed or notarized as per the instructions provided by your financial institution or retirement plan administrator.
9. Submit the filled-out addendum form to your financial institution or retirement plan administrator. Follow any additional instructions, such as including any required supporting documentation or providing copies of identification.

Who needs locked-in retirement account addendum?

1. Individuals who have a locked-in retirement account, which is typically a retirement account that holds funds transferred from a registered pension plan, may need to fill out a locked-in retirement account addendum.
2. If you need to make changes or updates to your locked-in retirement account, such as updating beneficiary information, changing investment allocations, or making a withdrawal request, you will likely require a locked-in retirement account addendum.
3. It is essential to consult with your financial institution or retirement plan administrator to determine if a locked-in retirement account addendum is necessary for the specific changes or updates you want to make to your locked-in retirement account. They will provide you with the appropriate form and guide you through the process.

For pdfFiller’s FAQs

What is locked-in retirement account addendum?

A locked-in retirement account addendum is a document that provides additional information about a specific locked-in retirement account.

Who is required to file locked-in retirement account addendum?

Individuals who have a locked-in retirement account are required to file the addendum.

How to fill out locked-in retirement account addendum?

The addendum can be filled out by providing the requested information about the locked-in retirement account.

What is the purpose of locked-in retirement account addendum?

The purpose of the addendum is to ensure that accurate information is reported about the locked-in retirement account.

What information must be reported on locked-in retirement account addendum?

Information such as account number, account holder's name, and account balance must be reported on the addendum.

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