AFP Chart: When to Withdraw Up to S$18,400 from Pension Fund?

Today AFP is continuing the process for members of the Private Pension System to request withdrawal up to 4 UIT (S/18,400) of your funds

Within three weeks, four fund managers who operate in Peru (Habitat, Integra, Profuturo and Prima) receive orders from their affiliates based on the last digit of their DNI, just like previous withdrawals.

then schedule What to consider:

How and when will the withdrawal be made?

Acceptance of applications for withdrawal of funds began on June 13 online, through Consultaretiroafp.pe, and will continue according to the established schedule.

schedule started first for those people who have the last digit of their DNI equal to 9. And now affiliates who have the last digit of their DNI equal to 0 will be able to submit a request on July 8 and 11, which is the first timeline next week.

For those AFP members who do not meet the deadline, it is established that applications can be sent from July 26 to September 10.

then schedule which was published by all fund managers:

• If your DNI ends at 9:13 and 14 June or 12 July.
• If your DNI ends at 8:15 and 16 June or 13 July.
• If your DNI ends at 7:17 and June 20 or July 14.
• If your ID ends on 6:21 and 22 June or 15 July.
• If your ID ends on 5:23 and 24 June or 18 July.
• If your ID ends on 4:27 and 28 June or 19 July.
• If your DNI ends on 3:30 June and 1 July or 20 July.
• If your DNI ends on 2:04 and 05 July or 21 July.
• If your ID ends at 1:06 and July 07 or July 22
• If your DNI ends with 0 or other character: July 08 and 11 or July 25

If your date is close, please be aware that you must log in to the aforementioned website, which will be active Monday through Friday from 8:00 am to 6:00 pm.

After logging in, they will tell you how much money you have in your AFP and they will ask you to enter the amount you want to withdraw from that amount.

Taking into account the experience of previous withdrawals, AFP depositors should have their ID and bank account number at hand.

How long does payment take?

The law states that a withdrawal can be up to 4 UIT, i.e. S/18,400, but each payment will be made monthly for up to 1 UIT, which is equivalent to S/4,600.

The payment of the requested money to the PLF will be made in three installments as follows:

• The first pay up to 1 UIT (S/4600) will be provided within a maximum period of 30 calendar days after the request is made to AFP.
• Second payment up to 1 UIT (S/4600) from AFP accounts, will also be completed within a period of up to 30 calendar days.
• third depositif necessary, up to 2 UIT (SGD 9,200) and also delivered within 30 days.

Given these deadlines, disbursements of the money requested from AFP will only begin around two weeks of July.

Who can request withdrawal?

In principle, to request this money, an employee must be connected to a private pension system, where more than 7 million Peruvians are registered.

In addition to this condition, the law approved and promulgated by the Executive Branch does not establish any restrictions on access to the seizure pension funds.

Although it is worth mentioning 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.

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.

How much money do I have in my AFP?

To check how much money you have in your AFP account, you should check the official pages of these fund managers. Below links:

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

Premium AFP: 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/

AFP ProFuture: 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.