AFP 2024 withdrawal: if I have less than 1 UIT in my fund, can I request pension disbursement?

Thousands of members of private pension funds continue to register their withdrawal requests through the virtual portal enabled by the AFP Association. Between 8 am and 6 pm, citizens can carry out this procedure for free and digitally, according to the last digit of their National Identity Document (DNI).

However, this process is not without problems and concerns, especially for those who wonder if they have the possibility of accessing their savings with a low balance in their individual capitalization accounts. Next, find out if you can withdraw from your AFP if you have less than 1 UIT (S/5,150) and find out the maximum disbursement amount.

AFP withdrawal: what happens if I have less than 1 UIT?

If you have less than 1 UIT (S/5,150) in your AFP fund, don’t worry, you can still make the withdrawal. The Peruvian Government has provided that members can access their saved money regardless of the accumulated amount. This process is designed to be inclusive and accessible to all members, and ensures that no one is excluded due to having a low balance in their account.

For example, If an affiliate has only S/1,000 in their accounts, they will still be able to withdraw the amount they require, whether S/100, S/500 or the entire S/1,000, according to their individual financial needs. In the event that a citizen has more than 4 UIT in their accounts, they will not be able to release all their savings. If the amount he has is exact, he will be able to access said funds in the four quantities established by the rule or in a smaller amount, as he deems appropriate.

What is the maximum amount I can request to withdraw my AFP?

As is public knowledge, the withdrawal of the AFP will be carried out in four parts, each of them with a specific limit. In that line, The maximum amount that affiliates can access is 4 UIT (S/20,600) and these are the corresponding deadlines:

• First withdrawal: up to 1 UIT (S/5,150), which would be delivered within a maximum period of 30 calendar days, computed from the date the request was submitted to the AFP.
• Second withdrawal: up to 1 UIT (S/5,150), 30 days after the first delivery of money was made.
• Third withdrawal: up to 1 UIT (S/5,150), 30 days after the second delivery.
• Fourth retreat: up to 1 UIT (S/5,150), 30 days after the third disbursement.

AFP Withdrawal: how to register my request?

Before starting the AFP withdrawal request process, it is important that you verify with a non-joint financial account, that your contact information is up to date and that you have your web password available. Subsequently, you must follow the following instructions:

• Check the date on which you must enter the link to register your request, according to the last digit of your ID.
• Enter the link: www.solicitaretiroafp.pewhich has already been enabled, from Monday to Friday from 8:00 am to 6:00 pm
• Click ‘I want to withdraw’. Next, a page will open with some considerations to take into account and the schedule will appear according to the DNI.
• Then, go to ‘start my application’ and select the type of document you have: DNI, immigration card, passport, temporary residence permit and others.
• Write your DNI number and the verification digit.
• Enter your expiration date, click ‘I’m not a robot’ and then ‘consult’.
• If your DNI number ends in 1, you can continue with the procedure.
• They will ask you how much amount you want to withdraw from your fund. To do this, you must choose two options: whether to transfer to a bank account or an AFP account.
• Enter your contact information such as place of residence, account number, email, among others. In this way, your request will be registered.
• Once you have completed this last step, you will receive proof of registration in the following days via email.