The new yearly maximum for additional contributions getting 2022 was $61,100. These are generally worker benefits that are tax-deferred, after-taxation, and you may taxation-exempt, along with matching and automatic 1% contributions from the agencies or branch regarding solution. Catch-up efforts are not counted within this restrict.

Since the TSPs are designed to save you to own later years, you’re going to have to wait until you might be at the very least 59 ? one which just begin taking withdrawals without punishment. However, there are some exclusions to that particular, eg long lasting impairment or dying.