Withholding Element

An Activity that withdrawals Policy value can be subject to various taxes. A Withholding screen will define the information to be captured on the Activity entry and made available to calculations so that some portion of the withdrawal can be accumulated and reported to a taxing authority.

Withholding: Elements and Attributes
Element Parent Element Attribute Definition
<Withholding> <Transaction>  

Optional: This element indicates that
the Activity's entry screen will display
a Withholding tab defined by the WithholdingScreen business rule.

This will allow entry of withholding amounts and percentages during activity entry and make that information available to Activity processing.

Values:

  • No

    • default

    • The Withholding tab will not display during the activity's data entry.

  • Yes

    • The Withholding tab will display during the activity's data entry.

XML Schema

<Transaction>
...     
    <Withholding>[No | Yes]</Withholding>
...
</Transaction>

XML Example

<Transaction>   
...    
    <Withholding>Yes</Withholding>
...
</Transaction>