How do I enter an annuity I already receive?
Where to find it: INCOMES → Add Income
Open INCOMES and add the annuity using the appropriate source: Registered Annuity, Prescribed Annuity or Structured Settlement Annuity. These sources have different tax treatment, so use the contract’s type.
Enter the annuitant, actual payment start date and gross annual amount of the payment before tax. For an existing prescribed annuity, enter the full annual payment in Amount/year and its taxable portion in Amount taxable/year. Enter the original purchase cost if requested.
Complete the guarantee period and survivor percentage from the contract. Set indexing only if the selected annuity type and actual contract support it; prescribed annuities are not indexed in MRA. Use the actual end date for a term-certain payment or the appropriate lifetime end setting.
An existing annuity does not require a second purchase from an account in the projection. The funding-account and payout-rate setup is for an annuity that will be bought in the future.