Withdrawals from AFP 2022: How do I check my account statement?

Members of Administrators of the Pension Fund (AFP) can now submit withdrawal requests up to 4 UIT or S/18,400 of their Accountsbut what do they need to know before applying?

The withdrawal of the money you request from your AFP is made 30 calendar days after the start of registration. First, up to 1 UIT (4600 Singapore dollars) is paid out and if the partner has requested more than this amount, then the money can be delivered in the form of two or three monthly deposits.

Here’s how to check how much money you have in your account Pension Fund Before making a withdrawal decision:

AFP Account Statement: How Much Money Did I Save?

AFP sends an account statement every month, or at least every quarter of the year, to your email so you can complete your email verification.

In case you can’t confirm it from your mail, you can check it via official pages or applications of each entity:

AFP Integra

If you are a member of this administrator, you can enter the following link: www.afpintegra.pe/iniciar-sesion.

On this page you place your identification number and password.

AFP Premium

Enter the page at the following link and in the part that says “My account” you enter your DNI number and password. If you don’t have a password, click “Request Your Web Password”.

AFP Habitat

To check the account statement in this AFP, you must follow this link: www.affabitat.com.pe/mi-cuenta/

Future of AFP

If you are affiliated with this AFP, you can follow this link to view your account statement. Partners must log in to the “private area” and provide their ID number and/or generate their web password.

How much money will come out of AFP?

The AFP indicates that in connection with this initiative, an outflow of S / 27,333 million from pension funds is predicted.

With that plus five withdrawals above, an outflow of SGD 93,256 million is expected to occur over the last two years.

It is worth noting that due to previous withdrawals, about 2.3 million affiliates of the private system could no longer withdraw money because they did not have money in their accounts.

How do I know which AFP I have?

If you don’t remember which one AFP If you are an affiliate, you can check this through the Banking, Insurance and AFP (SBS) platform at the following link. https://servicios.sbs.gob.pe/ReporteSituacionPrevisional/Afil_Consulta.aspx

In the link you must indicate your names and surnames, DPR or immigration card and they will indicate AFP to which you have joined, as well as the status of your account.

Why did funds fall?

In May, thousands of AFP affiliates warned that their pension funds recorded large losses of economic efficiencyamid expectations of the upcoming withdrawal of funds from their accounts.

AFP-managed funds lost a total of S$4,346 million through early May, according to SBS data.

With this in mind, the fund administrators ensured that economic efficiency will recover from this situation, and that affiliates should take into account that they are “long-term investments” and that funds have always recovered from the crises that the system has been subjected to.

For finance expert Jorge Carrillo Acosta, this is due to several factors, including a global phenomenon, as well as the approval of the sixth AFP retirement recognized by Congress.

“Yes, pension funds have fallen due to a global phenomenon. In the world, galloping inflation is not only in Peru, where we are at the level of 9% over the past twelve months at the national level, but also in other countries of America and Europe,” he specified in RPP.

Carrillo claims that in autumn economic efficiency Not only is the COVID-19 pandemic, which lingers with the danger of a resurgence in countries such as China, having an impact, but the situation in Ukraine does not allow for good returns on the global stock market, where AFP has at least 40% of the shares.