The self-loan of funds AFP It is a proposal included in the pension reform in Chile, which seeks to allow members to access a percentage of their pension savings before retirement. Unlike 10% withdrawals, this mechanism contemplates the mandatory return of the amount withdrawn through installments, so that it does not significantly affect the savings intended for the future pension.
What is the maximum amount that could be withdrawn?
As established, the self-loan It would allow you to withdraw up to 5% of the saved funds or a maximum of 30 Unidades de Fomento (UF). With the UF valued at $37,982 as of November 9, the maximum possible amount would be $1,139,460. This limit aims to offer temporary liquidity without excessively committing accumulated pension savings.
Who could access the self-loan?
To request the self-loancertain requirements must be met. Applicants must be at least five years away from retirement age (60 years for women and 65 for men) and not receive a pension under any form. In addition, they must have sufficient funds in their AFP account and have no debts from a previous self-loan, which ensures responsible use of the mechanism.
Currently, the reform of pensionswhich includes self-loan, is still under discussion in Congress. The initiative is expected to be sent to the third stage in January 2025. However, there is still uncertainty regarding how the proposal will progress within the planned deadlines, since several key points, such as the 6% additional contribution, are still under debate.
He self-loan It could be a useful tool for those who need liquidity in exceptional situations, such as medical or educational emergencies. However, its temporary nature and the obligation to repay ensure that pension savings are not affected in the long term, safeguarding economic stability in retirement.
