This may sound a fanciful scenario, yet recent events across Europe â including the looming independence referendum in Scotland â tell a very different story. Six days ago, the people of Spainâs most prosperous region, Catalonia, voted overwhelmingly for parties favouring the breaking away from Spanish rule.
1 If you are 55 or older and retired, you can withdraw from your TSP without being charged the 10% tax penalty (which is normally tacked onto early withdrawals) in addition to regular income taxes.
TSP Loans Repaid Through Payroll. Loans are repaid through payroll allotments over the payment period specified in the loan agreement. You may not take out a new loan for 60 days after paying off a loan. If you leave federal service you must repay the loan in full, including interest on the outstanding balance to the date of repayment.