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: It will be law: Senate approves government bill that allows the second withdrawal of 10% of the AFPs
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In this sense, among the most relevant points is the term that the Pension Fund Administrators have to deliver the money.
According to the approved project, the first installment must be delivered at most in 10 business days, while the second within 10 business days.
Likewise, the minimum withdrawal that can be made in this second 10% is 35 UF ($ 1 million) and a maximum of 150 UF ($ 4.3 million). In case the accumulated balance is lower than the minimum figure, the withdrawal of all the funds is authorized.
Similarly, if the minimum amount for withdrawal is requested, this it must be delivered in just one installment.
Regarding taxes and the discussion that marked the week during the discussion of the initiative, it was approved that those who maintain a Income greater than $ 1,500,000, they must pay taxes to make their withdrawal effective.
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