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The Undersecretary of Social Security, Pedro Pizarro, clarified and rectified various points related to second 10 percent withdrawal, which will begin this Thursday 10, as alimony withholdings and the taxes to be paid by some applicants.
“This withdrawal of 10 percent, unlike the other, those people who have salaries more than a million and a half monthly they are going to have to pay taxes in April, “he said.
Along these lines, he stated that “the process will begin on Thursday 10, the previous time the first transfers began just a week later, so here what we are waiting for is that the first transfers count from Thursday 17 from December”.
Regarding this, he asked to avoid “agglomerations, we avoid that on the occasion of the retirement of pension savings unfortunately some commune should go back. The process takes a yearIt can be done for a full year and we already have the experience of the first retreat. “
What will happen to withholdings for alimony?
When asked about what will happen with the withholdings for maintenance debts, Pizarro responded that: “it is a court order, the court orders to withhold, if there is a current order both the first and the second withdrawal will be retained, because there is an instruction from a court saying to the administrators ‘do not pay him’.
Then, he continued, “the activity that the court does is pay off debt, that is, (determine) how much the doubt is as of today, and there it just tells the administrator ‘pay that person so much “and if you have a current withholding of the first withdrawal most likely the second will also be retained“.
Also, “both withdrawals can be made simultaneously,” he added.
What amount will I be charged if I have to pay tax?
For his part, the tax lawyer Hernán Fuentes detailed that “those people who obtain on the whole, with all your income, annually an amount that exceed 18 million 400 thousand pesos, if we take it to a monthly salary, those people who earn by over one million 530 thousand pesos per month“.
“How is this tax applied? Because it is a complementary plan tax, and a progressive rate tax, for those people whose monthly income exceeds one million 530 thousand pesos You must add the amount of the withdrawal you make, and, in this way, redetermine your tax base“he explained.
