The Congressional Economic Commission has given the green light to the seventh withdrawal of private pension funds, which has generated great anticipation among members who are awaiting its final ratification in the Plenary. The updated version of the legislative proposal establishes that citizens will have the option of making a voluntary withdrawal of up to 4 Tax Tax Units, equivalent to S/20,600, from their accounts in the Pension Fund Administrators (AFP) distributed in 4 installments.
This movement represents a significant step in making access to pension funds more flexible, with the potential to positively impact the personal finances of thousands of people. With the possibility of accessing S/20,600, many Peruvians will seek to invest their AFP money in the best way. Below, we give you some of the best options.
What to do with the AFP retirement money?
La República spoke with Jorge Carrillo Acosta, professor at Pacífico Business School, who gives recommendations on what to do with the AFP withdrawal. In the first instance, the financial expert believes that it is best not to withdraw the money, since “the ideal is for these savings to continue growing with retirement in mind.”
If the decision to withdraw has already been made, Carrillo Acosta believes that it is necessary to remember the reason for that money. “The AFP The retirement of the member was considered, so it would be necessary to look for a long-term investment, such as a term deposit, mutual fund, private fund or investing in a business, something that aims for several years,” he recommended.
The Republic also interviewed Alfredo Tong Lam, corporate accounting manager of Cementos Pacasmayo, who also advised against using the company’s money. AFP. “I would recommend using that money to pay debts or if you want to put it in a term deposit,” he commented. “I would not suggest opening a business, since the amount is not much to invest in something like that,” he said.
This way you can know how much money you have in your AFP
- AFP Integra: Members can go to their website, www.afpintegra.pe, to log in and view personal information and account statements.
- AFP Premium: To check the balance of their account, members must access the official website, https://www.prima.com.pe, select the ‘my account’ option, and enter their national identity document (DNI) number and personal password.
- AFP Habitat: Account statements are available to your members at www.afphabitat.com.pe, by accessing the ‘my account’ section and then logging in with your credentials.
- Profutur AFP: Users can review their account status by visiting https://enlinea.profuturo.com.pe/zonaprivada/login, where it is necessary to authenticate using their username and password.
Source: Larepublica
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