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Changing your withdrawal request

Once your withdrawal request is processed, you cannot return your withdrawal or change your withdrawal options. However, if you’ve chosen to withdraw money from your account through TSP installment payments, you can make the following changes at any time:

If your current payments are of a fixed dollar amount that you chose when you set them up, you can also make these changes:

Important: Note that changing the amount or frequency of your payments is not valid for payments based on life expectancy. So we will change your payments to fixed-dollar-amount payments if you request such a change.

Making changes to your TSP installment payments

To make any of the allowable changes described above, use the online tool by logging in to My Account and selecting Withdrawals and Changes to Installment Payments from the menu. Depending on your circumstances, you may be able to complete your request entirely online.

If your signature or your spouse’s signature is required, or you’re making changes to transfers, you’ll see a prompt to print a summary of your request with requirements for notarized signatures or information from your financial institution. You may then submit the completed summary by upload through My Account or by mailing or faxing it to us according to the form instructions.

Note: We are changing the rule that prevents you from electing installment payments based on life expectancy if you have previously started and then stopped installment payments. Please disregard any TSP materials that state the old rule, including instructions you may see when using the online tool to stop payments. We will update them as soon as possible.

Be sure to carefully read the TSP tax notice, Tax Information for TSP Participants Receiving Installment Payments. It outlines the rules for changing your installment payments and details the tax implications associated with each payment option.

If you’re currently receiving installment payments and want to choose a different amount, use our TSP Installment Payment Calculator to estimate how many payments you will receive and how long they will last.