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Home | TSP Loan Program | 6 Key Rules to Borrowing from Your Thrift Savings (TSP) Account

6 Key Rules to Borrowing from Your Thrift Savings (TSP) Account

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You can borrow from your Thrfit Savings Plan (TSP) account if:

  • You have at least $1,000 of your own contributions and associated earnings in your account. Agency contributions (and earnings on that money) cannot be borrowed.
  • You are currently employed as a Federal civilian employee or member of the uniformed services. (Separated and retired TSP participants are not eligible.)
  • You are in pay status. (Loan payments are deducted from your pay.)
  • You have not repaid a TSP loan (of the same type) in full within the past 60 days.
  • You have not had a taxable distribution on a loan within the past 12 months, unless the taxable distribution resulted from your separation from Federal service.
  • You can borrow from your TSP account even if you have stopped contributing
    your own money.

Source:  TSPBK04 (6/06)



·  TSP Loans: What Federal Employees Should Consider
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