Defined Benefit Pension:-
i) Open the cash flow scenario
ii) Click on the "Cash Accounts" window
iii) Click on the plus (+) icon appearing at the right-hand side bottom of the screen
iv) Please refer the below screen-shot:
v) On the new window, fill the below mention fields:
a) Amount
b) Date
c) Growth rate type
d) Description
e) Future Value
f) Taxable
g) Exclude from Age pension Income Test (if applicable)
Please refer the below screen-shot:
(Right-click on the image in Chrome and select "Open in New Tab" to see a larger, more detailed image)
The steps above will help us in creating a defined benefit pension taking into considerations the aspects of one.