Sixth AFP withdrawal: More than 3 million affiliates withdrew a total of S/ 22,020 million from their savings

A total of 3.1 million affiliates they withdrew S/ 22,020 million of their retirement savings, in advance and as part of the sixth withdrawal of up to 4 UIT (S/ 18,400) from the funds of the Private Pension System (SPP), reported the AFP Association.

The submission of applications for early withdrawals from the Individual Capitalization Accounts (CIC), which are in the name and surname of each member, began on Monday, June 13, free of charge and virtually, and ended on Monday, September 12.

If this new amount is added to the five previous withdrawals, S/ 87,962 million have come out of the SPP between 2020 and 2022, equivalent to 10% of the Gross Domestic Product (GDP).

What to do if I couldn’t submit my application on time?

The guild remembered that now there is only time, until Wednesday, September 21so that members whose applications were observed can submit a new one.

This means that there is an extension of the term in those specific cases where the user may have more time to carry out said procedure.

How to register the AFP withdrawal request?

If you are a member of the Private Pension System (SPP) and have decided to access the withdrawal of the four UIT (S/ 18,400), you should know that you can only submit one withdrawal request and this must be entered through the portal consultetiroafp.pe.

To start the withdrawal process, you must complete the virtual form that, to begin with, will ask for your identity document number, the verification digit in the case of a DNI, and your date of birth.

Additionally, you must have a bank account number. In this case, as AFP Habitat points out, it must be in national currency, the applicant must be the owner and it cannot be joint.

If you do not have a bank account, when you register your application you will be given the option to open one and it can only be opened in these financial entities: BBVA, BCP, Interbank, Scotiabank, Banbif, Banco de Comercio, Banco Ripley, Caja Huancayo , Caja Sullana and Banco GNB.

Because the same procedure must be carried out by affiliates living abroad, in addition to the identity document, you must have the foreign bank codes and a supporting document from the bank where your name and bank account number can be validated.

How are withdrawals made?

The withdrawal schedule was determined as follows:

• First disbursement of up to 1 UIT (S/ 4,600): Within a maximum period of 30 calendar days, computed from the filing of the request with the AFP.
• Second disbursement of up to 1 UIT (S/ 4,600): Within a maximum period of 30 calendar days, computed from the date of the first disbursement by the AFP.
• Third disbursement for the remainder of the requested amount up to 2 UIT (S/ 9,200): Within a maximum period of 30 calendar days, computed from the second disbursement by the AFP.

In addition, the rule states that the withdrawal of approved funds maintains the status of intangible, and may not be subject to discount, legal or contractual compensation, embargo, retention, or in any way affected, whether by judicial or administrative order, without distinction. of the account in which they have been deposited.

What is stated in this provision does not apply to judicial or conventional withholdings derived from child support debts, up to a maximum of 30% of the amount withdrawn.

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