Effective April 1, 2025. The Nova Scotia government has introduced a new Life Income Fund (LIF) and has made modifications to unlocking policies affecting Locked-In Retirement Accounts (LIRAs) and Life Income Funds (LIFs). Individuals transferring funds to a life income fund (LIF), at age 55 or older, will have the one-time ability to unlock up to 50% of their locked-in pension funds
