Retirement plan sponsors should provide participants and beneficiaries receiving payments from their plans new forms to complete for income tax withholding. Form W-4P is for periodic pension and annuity payments and Form W-4R is for nonperiodic payments and eligible rollovers. The W-4R enables the individual to choose a withholding rate—anything from zero to 100%. If nothing is selected, withholding is a flat 10% (or 20% if eligible) for nonperiodic payments. #IdeaoftheDay