He Peru and the world is going through a complicated situation regarding the economy, since in many cases they continue to struggle with debts as a result of the coronavirus pandemic. Faced with this situation, a relief for many is to withdraw part of their AFP (Pension Fund Administrators), which has been of great help. However, it must be taken into account that if the money is withdrawn, the balance will decrease and could affect the corresponding amount for a future retirement. For this reason, the country government continues to analyze a new withdrawal of these funds.
In this context, Depor has prepared this article with information in this regard and also with data on the reasons that currently allow part of the pension fund to be withdrawn so that you can take it into account, if you are going through that situation.
When can you request the AFP 2023 Retirement?
There is still no date because Congress is still analyzing whether it will be possible for contributors to make additional withdrawals from pension funds. Remember that they must determine the amounts and armadas, analyzing the consequences.
What proposals have been presented in Congress for the release of the AFP in 2023?
Currently, there are 10 bills in Congress that propose to allow members to access their funds. Seven highlight the need of the population due to the increase in the cost of the basic family basket, while three that this money can be used to pay debts. Below are the amounts indicated by each bill.
- AFP withdrawal of up to 4 UIT (S/19,800)
- AFP withdrawal of up to 3 UIT (S/14,850)
- AFP withdrawal of 50% of funds
- AFP withdrawal of 70% of funds
- AFP withdrawal of 50% of funds for home purchase
- AFP withdrawal of 3 UIT (S/14,850)
- AFP withdrawal of 5 UIT (S/24,750)
- AFP withdrawal of 4 UIT (S/19,800)
- 25% AFP withdrawal to pay mortgage-backed debts
- 100% AFP withdrawal for home purchase.
Why are the projects that propose the 2023 AFP Retirement still not approved?
The main reason is because the Commission on the Economy, Banking, Finance and Financial Intelligence of Congress, chaired by the parliamentarian of Fuerza Popular Rosangella Barbarán, must place it on the agenda so that she and her work team can analyze each of the projects.
What is the link to carry out the AFP 2023 Retreat?
The proposal is not yet approved, so no link has been shared to complete the process. Remember that the moment it happens, the Government will be reporting on its official networks.
How to know the balance in your AFP in 2023?
Find out here the amount you have in your pension fund, according to the AFP to which you belong.
Can you currently request the withdrawal of your AFP?
Yes, thanks to Law No. 30478, affiliates have the possibility of requesting the release of 25% of their funds in order to use it for the initial payment of their first home or to repay the mortgage loan associated with said property. Therefore, if you are considering buying a house or apartment, you can explore this option so that you are not completely dependent on your savings.
How to request the withdrawal of your AFP if you are going to buy a home?
- The contributor must request a mortgage loan in an entity regulated by the SBS (Superintendency of Banking, Insurance and AFP).
- After receiving the pre-conformity document, the person can request the withdrawal of 25% of the pension fund as an initial.
- Now, the AFP evaluates if it meets the requirements and will later indicate whether it approves or not. If everything is fine, then the disbursement will be made in 10 days.
How much do they deduct from your salary to deposit it in your AFP?
- 10% of your salary goes to your pension fund (amount depends on salary)
- Commission for AFP administration.
- The discount depends on whether the affiliate is in commission on the flow (between 13.21% and 13.43%) or in the mixed commission (between 11.74% and 12.41%).