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Navigating Pension Options for Foreign Professionals Employed in Chile: To Withdraw or to Continue AFP Contributions?
Navigating Pension Options for Foreign Professionals Employed in Chile: To Withdraw or to Continue AFP Contributions?
As a professional foreigner with a current employment contract in Chile, you have several options regarding your pension (AFP) funds and its contributions. Let's explore these options in light of... Read more...
Timeline AFP retrieval process Chile
Timeline for AFP Fund Retrieval under Law 18.156 (Technical Foreign Professionals)
Understanding the timeline for AFP fund retrieval is crucial for foreign professionals planning their departure from Chile or making financial decisions. The process begins with document preparation: legalized or apostilled... Read more...
Navigating the Changing Landscape of Global Pension Systems
Navigating the Changing Landscape of Global Pension Systems
The 2023 Mercer Pension Index report has shed light on the unprecedented challenges faced by retirement income systems worldwide. Emerging factors, such as shifting demographic structures marked by declining birth... Read more...
Frequently Asked Questions – Retrieval process under law 18.156 (professional foreign workers)
Frequently Asked Questions – Retrieval process under law 18.156 (professional foreign workers)
Drawing from four years of experience and a 100% success rate helping clients, this comprehensive FAQ addresses the most common questions about retrieving pension funds under Law 18.156. Key insights... Read more...
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Sources of essential knowledge for everyone who is in the process
This comprehensive resource guide compiles official documentation and information from all major Chilean AFP companies regarding Law 18.156 for professional foreigners. The collection includes the original legal text (Ley N°... Read more...
Pension reform pillars in Chile – What we know so far (Status June 2023)
Pension reform pillars in Chile – What we know so far (Status June 2023)
The current project release about the pension reform ideas in Chile plans the change to a “mixed system approach”, but the implementation leaves questions undiscussed, such as, how the current... Read more...
The TRUTH about AFP recovery for foreigners in Chile
The TRUTH about AFP recovery for foreigners in Chile
Foreign technical workers in Chile can recover their AFP pension funds before retirement through Law 18.156, even while still employed and without leaving the country. The process, though bureaucratic and... Read more...
Source: Meganoticias
Updates AFP - 4th round 10% retrieval (Status November 2021)
The congressional debate around the potential 4th 10% retrieval has been capturing the headlines recently. We would like to take this opportunity to bring you up to date with the... Read more...
Reminder: AFP 10% retrieval deadlines (first ends by 30th of July 2021)
Reminder: AFP 10% retrieval deadlines (first ends by 30th of July 2021)
In response to the Covid pandemic the Chilean government passed laws to allow people fast and easy access to portions of their AFP funds. There were three separate access agreements... Read more...
Third 10% withdrawal of your AFP balance by Monday 3rd of May 2021
Third 10% withdrawal of your AFP balance by Monday 3rd of May 2021
After much debate the Chilean government have now approved a third 10 % withdrawal of AFP funds. The corresponding law (21.330) was published in the official newspaper (“Diario Oficial”) on... Read more...
AFP: Second round of 10% funds access in Chile
AFP: Second round of 10% funds access in Chile
After several rounds of negotiations in the Chilean Parliament, a second AFP withdrawal has been approved. This was published as law by Thursday 10thof December 2020 (link to publication in Diario... Read more...
Key facts and recommendations for new law 21.248 (untaxed retrieval of 10% of your AFP funds in Chile)
Key facts and recommendations for new law 21.248 (untaxed retrieval of 10% of your AFP funds in Chile)
According to the recent development in Chile, the new constitutional reform will allow you to access a maximum of 10% of your AFP funds. The statute will be be published... Read more...