Policy Level Withholding

You can access the Withholding screen from the Policy link on the Main Menu. Once you open a Variable Annuity policy, the Withholding link will be listed in the Left Navigation menu.

Withholding Detail

An explanation of the fields on the Withholding Detail portion of the Withholding Screen is given below.

Federal Percent: percent of disbursements that should be held for federal taxes.
State Percent: percent of disbursements that should be held for state taxes.
Opt-Out: Yes means that the policy is not subject to withholding. No means that the policy is subject to withholding. This field is not supported in the 9.1.0.0.0 release.
Federal Amount: dollar amount that should be held for federal taxes.
State Amount: dollar amount that should be held for state taxes.
State Form Returned: Yes means that the state withholding form has been sent to the state. No means that the state withholding form has not been sent to the state. This field is not supported in the 9.1.0.0.0 release.

Steps to Set Policy Level Withholding

Search for the policy where you want to specify policy level withholding.
Click Withholding from the left navigation menu. The Withholding detail will open.
Enter the withholding percents or amounts in the fields provided.
Click Save when your withholding details are complete.

You can set a transaction's withholding details to process according to the policy level withholding or the activity level withholding. After you select the activity from the Activity drop down list, click the Withholding tab. Select the withholding type from the drop down box. You can choose Activity or Policy level withholding. When the activity is processed it will use the withholding level indicated.