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.
As part of our commitment to helping ESOS participants to understand the intricacies of this new legislation, weâve prepared a whole host of answers to frequently asked questions (FAQs).ouâll pay one way or another! Thereâs a fixed penalty of up to Â£5,000 if you donât comply â and you can be charged an additional Â£40,000 in daily penalties for failure to notify compliance. Your non-compliance will also be made public, so youâll be named and shamed. Further discretionary penalties apply.