Resources

Forms:

  • TSP-20, Loan Application
  • TSP-65, Request to Combine Civilian and Uniformed Services TSP Accounts
  • TSP-70, Request for Full Withdrawal
  • TSP-75, Age-Based In-Service Withdrawal Request
  • TSP-76, Financial Hardship In-Service Withdrawal Request


TSP Loans

 

If you have both a civilian account and a uniformed services account, the loan eligibility requirements apply to the account from which you intend to borrow. Your combined account balances and loan balances will be used in the calculation to determine your maximum loan amount.

TSP loan rules are detailed and specific. Be sure to carefully read the TSP booklet, Loans, and visit TSP Loans for more information before applying for a loan.

In-Service Withdrawals

 

Financial Hardship Withdrawals

If you have both a civilian account and a uniformed services account, you can make a financial hardship withdrawal only from the account associated with your active employment at the time of your withdrawal.

If both accounts are associated with your active employment (because you are a Federal civilian employee and also a member of the Ready Reserve), you can make one financial hardship in-service withdrawal from each account. The 6-month waiting period applies to the account(s) from which you make your withdrawal(s).

Age-Based Withdrawals

If you have both a civilian account and a uniformed services account, you can make your age-based in-service withdrawal only from the account associated with your active employment at the time of your withdrawal. However, if both of your accounts are associated with your active employment, you can make an age-based in-service withdrawal from each account.

For more information about the rules and tax consequences of in-service withdrawals, read the TSP booklet, In-Service Withdrawals, and visit In-Service Withdrawals.

Post-Separation Withdrawals

 

If you have both a civilian and a uniformed services account and you separate from either Federal civilian employment or the uniformed services, you may withdraw only the TSP account related to the type of employment from which you are separating.

Combining Accounts

Once you have separated, you will have the option of combining your two accounts into one. However, you can only combine the account related to your separation into your other TSP account. For example, if you separated from the uniformed services, you can transfer your uniformed services account into your civilian account. If the account related to your separation has a Roth balance and your other account only has a traditional balance (or vice versa), you still can combine your accounts.

If you have separated from both Federal civilian employment and the uniformed services, you can choose which account you want to keep and combine the other one with it using Form TSP-65, Request to Combine Uniformed Services and Civilian TSP Accounts.

Tax-exempt contributions (e.g., contributions from combat zone pay) in in the traditional balance of your uniformed services account cannot be transferred to your civilian account. You will need to either withdraw your tax-exempt money separately or retain your uniformed services account to hold your tax-exempt money until you withdraw it.

There are important rules and tax regulations associated with withdrawing your account. For complete details, refer to the TSP booklet Withdrawing Your TSP Account After Leaving Federal Service and visit Withdrawing After Leaving Federal Service.