Get Tsp 70 Form 2018-2024

Thrift Savings Plan TSP-70 Request for Full Withdrawal June 2013 Checklist for Completing Form TSP-70 Be sure to read all instructions before completing this form. You can use the TSP website www. Complete Form TSP-70 and mail or fax it to the TSP. SECTION I. INFORMATION ABOUT YOU. Complete Items 1 10. Form TSP-70 6/2013 Name Last First Middle IV. WITHDRAWAL ELECTION This section is required. Choose one or more methods. If you do not have these materials you can download them from the TSP website www. tsp.gov. You should not complete Form TSP-70 if Your vested account balance is less than 200. Provide spouse s SSN and submit Form TSP-16. Do Not Write Below This Line Form TSP-70 Page 1 6/2013 P I I S 0 0 2 2 9 5 0 0 2 0 0 0 0 0 0 0 0 P I I S PREVIOUS EDITIONS OBSOLETE FORM TSP-70 INFORMATION AND INSTRUCTIONS FOR PAGE 1 Use this form if you are separated from Federal service or the uniformed services and you want to request a full withdrawal of your entire vested account balance in the form of a single payment monthly payments life annuity or any combination of these options to be paid after your agency or service confirms your separation. To request a partial withdrawal of your account and leave the balance of your account with the TSP do not complete this form instead complete Form TSP-77 Request for Partial Withdrawal When Separated. Before making a withdrawal request read the booklet Withdrawing Your TSP Account After Leaving Federal Service and the TSP tax notice Important Tax Information About Payments From Your TSP Account. 401 a 9 -9 Q A 2 for participants who turn age 70 before July 1 of that year. V III. Federal Tax Withholding Completing this section is optional. Withholding will not apply to amounts transferred should not complete IRS Form W-4P. If you complete this section incorrectly or choose a withholding option that does not apply to your elected withdrawal and the rest of your form is completed correctly your withdrawal will be processed using the standard IRS withholding rules. Withholding on Single Payments 33. The TSP must withhold 20 of the taxable portion of your single payment for Federal income tax. You cannot withdraw from both accounts using one form. Also be sure to only check the box for the account representing the employment from which you are separated. The address you provide on this form will be used to update the address in your TSP account record. If you have a foreign address check the box in Item 6 and enter the foreign address in Items 7 10 as follows First address line Enter the street address or post office box number and any apartment number. Second address line Enter the city or town name other principal subdivision e.g. province state county and postal code if known. The postal code may precede the city or town. City/State/Zip Code fields Enter the entire country name in the City field leave the State and Zip Code fields blank. You are the spouse beneficiary of a deceased civilian or uniformed services TSP participant s account. Instead complete Form TSP-90 Withdrawal Request for Beneficiary Participants. There are two ways to complete your post-employment withdrawal You can use the TSP website www. tsp.gov to begin your withdrawal request once your agency or service has reported your separation to the TSP. .