On December 31, the deadline for workers to withdraw 100% of the funds from their deposit of CTS, as established by Law No. 31171, which authorizes the provision of compensation for time of service in order to meet the economic needs caused by the COVID-19 pandemic. In this context, Jaime Aritio, Renta 4 SAB’s Deputy […]
Tag: CTS
CTS 2021 retirement: how to generate profitability if you plan to have your fund?
The next December 31, 2021 The deadline for Peruvian workers to withdraw 100% of their the deposits of the CTS. This ‘liquidity window’ will be the last they will have to withdraw savings from conditional availability products. In this context, Jaime Aritio, Renta 4 SAB’s Deputy Manager of Business Development for Latin America, offers some […]
Withdrawal of CTS: consult online how to know if they have already deposited the money
Companies had until November 15 to deposit Compensation for Time of Service (CTS) to their employees. This benefit granted by the employer must be paid on behalf of its workers in a CTS account of a financial institution. This is a labor law for everyone who is on the payroll and who works at least […]
CTS withdrawal: how do I transfer my CTS to another bank or financial institution?
The companies had until November 15 to deposit to their employees the amount corresponding to the Compensation for Time of Service (CTS), which is a labor right protected by law whose purpose is to protect the worker against a possible period of unemployment. Know the average interest rates offered by financial institutions according to SBS […]
Five keys to keep in mind about the CTS deposit
Compensation for Time of Service (CTS) is a work benefit that the employer gives to the worker who is on the payroll. It is intended to protect you in case you lose your job. This benefit is deposited in May and November of each year, so the next CTS payment will be maximum until tomorrow, […]
Six recommendations to keep in mind about paying the CTS
The Compensation for Time of Service (CTS) It is a labor benefit that the employer gives to the worker who is on the payroll. It is intended to protect you in case you lose your job. This benefit is deposited in May and November of each year, so the next CTS payment must be paid […]
They do not recommend using CTS for Christmas expenses
Workers in the private sector will receive this month the second deposit of the Compensation for Time of Services (CTS) of 2021. The CTS is a work benefit of prevention against contingencies that is equivalent to approximately half salary. Glen Arce, an economist at the National University of San AgustÃn (UNSA), indicated that great caution […]
CTS accounts: interest rates remain at a maximum of 6.9%
On these dates, companies have the legal obligation to deposit their workers on their payroll their second Compensation for Time of Services (CTS) of the year, which must be effective until November 15 at the latest. This benefit is paid into a special account in the financial institution chosen by the worker, either for greater […]
How and where do I deposit my CTS to grow my money?
When a person works in any workplace they receive Compensation for Times of Service (CTS). This amount is used so that the worker can have money when he becomes unemployed, or to be able to make necessary expenses such as the payment of outstanding debts, the acquisition of goods and services, among other motivations. In […]
CTS November 2021: How to calculate how much I should be paid?
The second payment of the Compensation for Time of Services (CTS) is approaching, which during times of pandemic and due to the health emergency has been able to withdraw 100%. The first payment of this benefit was due in May. Find out here the date of the next CTS deposit and how to calculate the […]