New Minnesota Form W-4MNP Withholding Certificate for Pension or Annuity Payments

Minnesota has a new form for clients to use to determine allowances or opt-out of withholding Minnesota income tax from their pension or annuity payments. If this form is not received, Minnesota tax will be withheld at the Single filing status with zero allowances.

For new business, effective immediately, please begin using Form W-4MNP at time of application for the following annuity products:

• Ultra-Income,
• Deferred Income Protector,
• Income Access, or
• Income Annuity with Premium Return

Form W-4MNP should also be used for clients to update or change their withholding on any annuity product at a later date.
To obtain a copy of this new required state form, visit the Minnesota Department of Revenue website.