In order to change the withholding on your annuity or systematic withdrawal payments, you must complete the Form W-4P Withholding Certificate for Pension or Annuity Payments and return the form to GuideStone.
To obtain this form, go to www.irs.gov/forms and search for "W-4P". You can find instructions for completing the form on page 2.
Notes for IRS Form W-4P
- If you receive a periodic payment (such as a monthly annuity payment from GuideStone), withholding will be calculated in the same manner as withholding from wages. If you want taxes withheld from your retirement income payment, you must designate your filing status in Step 1(c) and any adjustments in Step 4.
- If you do not want taxes withheld, please contact us for the correct form.
If you receive a systematic withdrawal or an annuity payment from GuideStone that is payable for less than 10 years, it is considered an "Eligible Rollover Distribution", and we must withhold 20% for federal income taxes. If you want to withhold anything in addition to 20%, you must complete the Form W-4R Withholding Certificate for Nonperiodic Payments and Eligible Rollover Distributions and return the form to GuideStone.
To obtain this form, go to www.irs.gov/forms and search for "W-4R". You can find instructions for completing the form on page 2.
Once completed, you can return the form to GuideStone by scanning and emailing to info@guidestone.org.
| Payable for: | Required Form | Withholding |
| Benefit is payable for greater than 10 years. | Form W-4P | You can withhold at any percentage. |
| Benefit is payable for less 10 years. | Form W-4R |
20% withholding is required. This form is for any election greater than 20%. |