Affiliates will be able to withdraw up to S/5,150 in June

The publication of the schedule for the registration of requests for this seventh extraordinary withdrawal of pension funds opens the doors for more than 9 million members to use all or part of their savings in up to four sets of 1 UIT (S/5,150) each. a. The AFPs estimate a potential outflow of more than S/35,000 million from the system with withdrawals that would average S/4,800. Here we tell you everything you need to know about it.

1. When will I be able to use the money from my AFP?

Before making your first withdrawal, Affiliates will have to register their request only once through the page www.solicitaretiroafp.pe, indicating the total amount they want to receive from their savings, with a ceiling of S/20,600. This amount will be paid in four disbursements of 1 UIT (S/5,150) each. Along these lines, the registration of applications will be enabled from May 20 to August 17. Likewise, the Superintendency of Banking, Insurance and AFP (SBS) highlighted that the first disbursement will be made, at the latest, starting on June 14.

2. How do I know which AFP I am in and how much I have?

There are four administrators of the private pension regime: AFP Integra, Prima AFP, AFP Habitat and Profuturo AFP, and each one on its website allows the creation of a virtual user whose password we can process with our email. This will allow us to have all the details about the accumulated in our accounts and the movements by date. In that sense, through the SBS Online Services website, clicking on the ‘Registration’ option and accepting the conditions of use, you must enter your ID and an email. Once the process is completed, you must go to the ‘Provisional Situation Report’ option. If you are a foreigner, you must click on option three.

3. Can you retain my AFP savings?

The savings released are intangible and cannot be discounted or taken as legal, contractual, embargo, retention or any other affectation, whether by judicial or administrative order. However, if the member has pending payment of food debts, up to a maximum of 30% of the amount requested will be deducted.

On the other hand, The payment of the four armies must be completed within 120 calendar days following the date on which the withdrawal request is submitted. According to the SBS, “if the first disbursement was on June 14, the following ones would be a maximum of July 14, August 13 and September 12. Otherwise, if the request is registered on August 17, this being the last day, the four disbursements would end on December 15.”

4. How to generate profitability on my money?

Manuel Pacheco, Head of Finance at Alerces Inmobiliaria, maintains that generating additional income through renting a property is a good opportunity, since real estate behaves differently than other financial assets, which allows them to diversify investments and seek balance. between risk and return. In addition to maintaining a recurring cash flow through rental, properties also stand out for their capital gains, which increases the investor’s profitability. On the other hand, real estate usually maintains its value in the face of inflation, which allows and guarantees that savings are not affected.

5. What happened in the previous retreats?

In the previous six extraordinary withdrawals of pension funds, Only 70% of members disbursed all or part of their savings, 61% of them being men and 39% women. Likewise, the group that registered the most withdrawals was those between 31 and 45 years old, where 8 out of 10 Peruvians disposed of their money. During the computerized period until December 2022, 1 million 622,768 affiliates withdrew less than S/2,000, representing 4% of the total. While at the other extreme, 1 million 178,183 had more than S/30,000, having a 59% participation in the total pension fund expenditures.