You can update this amount in the “Plan” section of your member dashboard. Under the “Your retirement forecast” rainbow chart, select “Edit your forecast,” then select “Edit” next to “Your outside savings.”
If you completed a transfer-in after enrolling in the plan, you should reduce your “Other savings” amount so that your retirement forecast reflects this new information. Because outside savings are included in your plan, updating this amount may change key elements of your forecast, such as your suggested monthly contribution rate and auto-escalation schedule.
Your government benefits may also be affected. For example, if you increase your outside savings to reflect additional RRSPs, this may impact how much you receive in Old Age Security (OAS), since RRSP income in retirement can reduce your OAS entitlement.