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Withholding for Annuities and Pensions

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Beginning with payments made on or after January 1, 2022, Minnesota requires withholding on annuity and pension payments unless the recipient asks you not to withhold.

Recipients should use Form W-4MNP, Minnesota Withholding Certificate for Pension and Annuity Payments, to set the rate or amount of withholding or opt out of withholding on these payments.

If you are a recipient, use Form W-4MNP to set your withholding to any rate or amount, including none. If you do not opt out of withholding or provide a withholding rate or amount, your payer must withhold at the default rate of 6.25%. 

If you are a payer, do not change or set the withholding rate without contacting the recipient to complete a Form W-4MNP (with either revised date 8/15/23 or 1/24). Do not automatically set the withholding rate to 6.25% without first contacting your recipient to complete Form W-4MNP. If they do not respond, you must withhold at the default rate of 6.25%.  

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