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Thrift Savings Plan Temporary waiver of notary requirement We will temporarily accept and process certain TSP withdrawal and loan forms without requiring notarized signatures in order to support participants.

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How to fill out the TSP TSP-25 online

The TSP TSP-25 form is used to request a refund of contributions to your Thrift Savings Plan account that were deducted due to automatic enrollment. This guide provides clear, step-by-step instructions on how to complete the form online, ensuring your submission is accurate and timely.

Follow the steps to successfully complete the TSP TSP-25 online.

  1. Press the ‘Get Form’ button to access the TSP TSP-25 form and open it in your document management system.
  2. In Section I, provide your personal information. Indicate whether your request pertains to a civilian account or a uniformed services account by checking the appropriate box.
  3. Fill in your TSP account number in the designated field.
  4. Enter your date of birth in the format mm/dd/yyyy and provide your daytime phone number with area code.
  5. Complete your street address, ensuring to include details as needed. If your address is international, be sure to check the option for a foreign address and provide information accordingly.
  6. Move to Section II to address tax withholding, if desired. You can select to waive the federal income tax withholding or specify an additional amount to be withheld.
  7. If you desire direct deposit, fill out Section III with your financial institution's name, account type (checking or savings), account number, and the ACH routing number.
  8. In Section IV, carefully read the certification statement, sign and date the form. Ensure your signature is handwritten as required.
  9. Although notarization is not currently required due to temporary measures, normally the notary completes their section to validate the form.
  10. After completing all sections, save changes to your document, download or print a copy for your records, and prepare to submit the form as directed.

Complete your TSP TSP-25 form online to ensure a smooth processing of your refund request.

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With the TSP, you are exempt from the early withdrawal penalty if you separate from federal service in the year in which you reach age 55 or later. ... If you follow a life-expectancy based withdrawal methodology for whichever is longer, 5 years or until you reach age 59 ½, you will be exempt from the penalty.

Requesting a withdrawal To request a withdrawal, log into My Account and click on the Withdrawals and Changes to Installment Payments link on the menu. From there you'll have access to an online tool with which to start your withdrawal.

It generally takes between 7 to 10 business days to process your request once you've properly completed and submitted it. We disburse withdrawals each business day. You can check My Account at tsp.gov or call the ThriftLine to find out the status of your withdrawal request, including whether the payment has been made.

The easiest way to change the amount of your TSP contributions is by using the Government Retirement & Benefits (GRB) Platform. GRB has replaced the Employee Benefits and Information System (EBIS) and is accessed at the https://www.ebis.army.mil .

Contribute at least 5% of your pay to get another 5% in matching contributions from the government. Of course, as long as TSP participants don't surpass the annual contribution limit per year, they may contribute much more than 5% of their pay.

The TSP says you should allow up to 10 days from the time you submit your withdrawal request until payment is sent. You will be notified when your payment has been disbursed.

Many financial planners suggest beginning your withdrawals from a lump sum of money at a rate of 4% and taking inflation based increases each year.

Go to myPay and log in. Under the PAY CHANGES heading, select the Thrift Savings Plan (TSP) link. Select the yellow pencil icon to make a change to your TSP contribution. In the resulting pop up window, enter the changes you want to make. ... Select the Continue button to move to the Review stage.

The chart at the end of this booklet, Tax Treatment for TSP Payments, shows the withholding rates and the rules that apply to each type of TSP payment. If you are eligible and want to change the standard withholding, you may do so by completing the tax withholding section on your withdrawal request form.

If you want to avoid paying taxes on the money in your TSP account for as long as possible, do not to take any withdrawals until the IRS requires you to do so. By law, you are required to take required minimum distributions (RMDs) beginning the year you turn 72.

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TSP TSP-25
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