Simplified Pension Plan (SPP)

The SPP is a simple, cost-effective plan that is administered by National Bank Trust for your convenience. Talk to your account manager.

Already a SPP client?
1-877-413-1194 (toll-free)

How the SPP benefits employers

  • The SPP is a multi-employer plan, which reduces administrative costs.
  • Contributions and administrative fees are tax deductible.
  • As the SPP is a defined contribution plan, the employer does not assume any financial risk. The annuity depends on the total amount accumulated in the participant’s account at retirement.
  • The employee is responsible for providing investment instructions, not the employer.

How the SPP benefits employees

  • Participants can receive an immediate tax refund on their payroll contributions.
  • Contributions are vested immediately.
  • Voluntary contributions may be withdrawn before retirement or when the employee leaves the company, if the employer has given prior consent.

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We’re here to answer your questions

Contact en
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Are you a member of a plan?

Call us at 1-877-413-1194

For participating members, select option 1

For employers, select option 2

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Are you an employer and wish to open a new plan?

Contact one of our Business Development Managers:

Business Help centre

Find answers to your questions