when creating or editing a backup job, click the Advanced button on the Options page, and go to the last tab called Retention. basically you define how many image sets you want to keep; a set if defined as a full backup image and all incrementals until the next full backup. for example in my case we run a full backup every sunday and incrementals monday-saturday. our retention policy is set to keep 3 sets+delete full & incrementals+enforce policy before starting next full backup so we when our full backups on sunday complete we have 3 weeks worth of backup history