On the Manage Tax page there are multiple ways you can edit the income tax amounts. Below are the step-by-step guidelines for the Tax Adjustment Table on the Manage Tax page.
Step 1: Edit: Click on the green Edit button underneath the Structured Income Planning sub-heading.
Step 2: Manage: Click on the green Manage button within the Approx. Income Tax column.
Option 1: Pick Years:
Step 3: Add Adjustment: In the text box, type in the monetary percentage adjustment you would like to adjust.
Step 4: Tax Adjustment Year: Click on the years text box that you would like the tax adjustment be in.
Step 5: Pick Years: Click on the Green Pick Years button next to the Tax Adjustment Table.
Step 6: Save: Click on the Save button underneath the Manage Tax subheading.
Step 7: Structured Income Plan: In the Appropriate Income Tax column, the adjustment should be reflected.
Option 2: Start Year for Rest of Plan:
Step 8: Add Adjustment: In the text box, type in the monetary percentage adjustment you would like to adjust.
Step 9: Tax Adjustment Year: Click on the year text box that you would like the tax adjustment to start.
Step 10: Start Year for Rest of Plan: Click on the green Start Year for Rest of Plan button next to the Tax Adjustment table.
Step 11: Save: Click on the Save button underneath the Manage Tax subheading.
Step 12: Structured Income Plan: In the Appropriate Income Tax column, the adjustment should be reflected.
Option 3: Start Year for X Years:
Step 13: Add Adjustment: In the text box, type in the monetary percentage adjustment you would like to adjust.
Step 14: Tax Adjustment Year: Click on the year text box that you would like the tax adjustment to start.
Step 15: Text Box: In the text box underneath the Start Year for X Years button, type in the monetary percentage number you would like to use.
Step 16: Start Year for X Years: Click on the green Start Year for X Years button next to the Tax Adjustment Table.
Step 17: Save: Click on the Save button underneath the Manage Tax subheading.
Step 18: Structured Income Plan: In the Appropriate Income Tax column, the adjustment should be reflected.
Option 4: Pick Years to Remove:
Step 19: Tax Adjustment Year: Click on the year text box that you would like the tax adjustment to be removed from.
Step 20: Pick Years to Remove: Click on the green Pick Years to Remove button next to the Tax Adjustment table.
Step 21: Save: Click on the Save button underneath the Manage Tax subheading.
Step 22: Structured Income Plan: In the Appropriate Income Tax column, the adjustment should be reflected and go back to the default Income Tax percentage amount.
Option 5: Remove Year to End Plan:
Step 23: Tax Adjustment Year: Click on the year text box that you would like the tax adjustment to be removed from.
Step 24: Remove Year to End Plan: Click on the green Remove Year to End Plan button next to the Tax Adjustment table.
Step 25: Save: Click on the Save button underneath the Manage Tax subheading.
Step 26: Structured Income Plan: In the Appropriate Income Tax column, the adjustment should be reflected and go back to the default Income Tax percentage.
Option 6: Reset All Years:
Step 27: Reset All Years: Click on the green button Reset All Years next to the Tax Adjustment Table.
Step 28: Save: Click on the Save button underneath the Manage Tax subheading.
Step 29: Structured Income Plan: In the Appropriate Income Tax column, the adjustment should be reflected and go back to the default Income Tax percentage amount.
Step 30: Saving the Structured Income Planning Scenario: Click the green Save button underneath the Structured Income Planning subheading.
Step 31: Edit: If you need to make an edit to the structured income plan click on the green edit button underneath the Structured Income Planning heading.
Step 32: Cancel: If you need to go back to the previous page, click on the green Cancel button underneath the Structured Income Planning subheading.
Step 33: Logout: To sign out of SIPS, click on the Sign Out heading that is located in the upper right-hand side of the screen.
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