Final notice to request withdrawal of funds from AFP before August 19.

The Association of AFP (Pension Fund Administrators) has announced that next Monday, August 19, will be the last day for affiliates to register their withdrawal requests. This decision is in response to current regulations that stipulate a 90-calendar-day period for this seventh withdrawal process. With this announcement, the Association aims to provide clarity to contributors regarding the established deadlines, inviting those interested to complete their procedures promptly. It is worth noting that, initially, the original deadline for registering requests was set until Saturday, August 17. However, with the announcement of the new deadline, affiliates now have additional time to formalize their requests. This change has been well received by many, who see this extension as an opportunity to access their funds at a time when the economy, although showing signs of growth, continues to pose challenges for many households. The Association of AFP has also clarified the procedures in case contributors encounter issues with their requests. In such situations, those who have submitted their request before the deadline will be able to submit a new correction request until Thursday, August 29. This mechanism is essential to ensure that affiliates can access their funds without setbacks. The maximum amount that affiliates can withdraw from their AFP funds is up to S/20,600, equivalent to 4 Tax Units (UIT). This figure is significant and can make a considerable difference in the financial management of many families. Contributors interested in making the withdrawal must visit the official link provided by the Association of AFP: https://www.solicitaretiroafp.pe/. The withdrawal process will take place in four parts. The first part allows affiliates to access up to one UIT (S/5,150), which will be disbursed 30 days after the request has been submitted and approved. For those who begin their procedure on May 20, the first payment could be received around June 14, providing a clear idea of the timelines involved in this process. Subsequently, the second part of the withdrawal also includes the possibility of withdrawing up to another UIT (S/5,150) 30 days after the first payment has been made. This staggered approach seeks to facilitate access to funds, allowing affiliates to receive their money gradually, rather than in a single disbursement. The country’s economic situation has prompted many people to consider withdrawing their AFP funds as a viable option to address current financial challenges. Despite slight improvements in economic growth figures, uncertainty remains, making the possibility of accessing personal savings even more appealing. It is important to remember that affiliates should stay alert to the deadlines and conditions established to avoid setbacks. The Association of AFP has set up communication channels to resolve queries and guide affiliates through the application process, ensuring that the necessary information is available to all. As the deadline approaches, a large number of affiliates are expected to come forward to submit their requests. This final call to action from the Association aims to ensure that those who need to access their funds do so within the legal framework and with the appropriate support. The importance of financial education and proper management of these funds becomes evident in times of crisis, and this process could be a significant step for many in their pursuit of economic stability.