This Thursday, at 9 AM, the period of one year begins for the AFP affiliates can withdraw their 10% of your pension savings.
It is already clear that the process will be completely free, online and that no password will be required. We also know what the form to be filled will be, but Are you clear on the amount you will request and where will you ask to deposit it?
How much do i order
The first question that you will have to answer through the form is if you want to request the maximum withdrawal provided by law, i.e. 10%, or a lower amount. What should be considered when choosing the first option?
“People who have saved less than a million pesos will be able to get the entire amount. That is not recommended. From the pension point of view, it would be ideal to get what you really need, ”says Alejandro Urzua, economic analyst at the Andrés Bello University (UNAB).
Also read: Withdrawal of 10%: This is how the form must be completed to make the request
If you choose the “lower amount” option, a message will be displayed on the screen in which please note that you will not be able to use the remaining amount in the future. If you agree, the system will ask you what percentage you want to withdraw from the maximum amount allowed.
You should choose between 1% and 99% of the percentage that allows the law to be withdrawn, not all of your saved funds.
Maximiliano Doweck, AFP Provida’s customer and channel manager, remembers that there are 365 days to do this, so his recommendation is that people clearly understand their financial situation. “Unfortunately you can only order this once, in which case you should ask for the maximum“He points out.
How to withdraw the money?
The The authorities’ first recommendation is to request payment electronically, that is, through your RUT Account, which this time will not have a deposit limitation, or another bank account. Of course, remember that you cannot make the transfer to an account that you do not own.
“I would not recommend vouchers, because they can be subject to a series of more inconvenient situations. Current accounts, Account 2, the great advantage they have is that they do not require attendance.“Details Alejandro Alarcón, former manager of the Association of Banks.
Also read: The data and documents you do need to withdraw 10% of AFP funds
You can also select your AFP Account 2 as an alternative. If you don’t have one, it will be created automatically and no commission will be charged of administration.
“Account 2 will not pay a peso per commission, the other advantage that it has is that you can do up to 24 spins ”, clarifies María Eugenia Jiménez, executive director of Brain Invest.
Meanwhile, the economic analyst at UNAB adds that with Account 2 “I have the advantage of tax benefits for people who pay second-rate taxes. My money is renting just like the pension funds have been renting during the last time, depending on the fund in which I am ”.
Can it be withdrawn directly in cash? In Sencillito they ruled out being able to make these payments and Servipag is still holding talks. Therefore, each AFP will say whether it allows it or not. But all They agree that going to ask for their withdrawal in tickets is the worst option.
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