| View previous topic :: View next topic |
| Author |
Message |
Hugeshark
Joined: 17 May 2007
Posts: 14
Location: Hollywood
|
 Posted: Tue Mar 24, 2009 2:07 pm Post subject: AFP pension money |
 |
|
I began a new teaching contract in which I have to give up a good chunk of my monthly income to the Chilean pension fund - AFP.
Before I discuss this with my employer with my horrible Spanish, could anyone give me a hint as to when and how I get this money back?
Do I get it back quarterly, yearly; or when my contract ends? And how?
Thanks |
|
| Back to top |
|
 |
chini
Joined: 07 Dec 2006
Posts: 27
Location: Santiago
|
| Posted: Tue Mar 24, 2009 6:11 pm Post subject: |
|
|
| The Pension Fund (AFP) you only get back if you can prove that you have an existing Pension Fund back in your home country and ONLY if that country has an "agreement" with Chile (i.e USA, UK, Australia etc). You should also stipulate that before you sign with any Pension Fund Scheme and find out exactly what paper work is needed to withdraw the money so that you can get that sorted before you leave as it takes a while. |
|
| Back to top |
|
|
sharkeyv
Joined: 29 Jun 2008
Posts: 43
Location: Santiago
|
| Posted: Thu Mar 26, 2009 1:07 am Post subject: |
|
|
| chini wrote: |
| The Pension Fund (AFP) you only get back if you can prove that you have an existing Pension Fund back in your home country and ONLY if that country has an "agreement" with Chile (i.e USA, UK, Australia etc). You should also stipulate that before you sign with any Pension Fund Scheme and find out exactly what paper work is needed to withdraw the money so that you can get that sorted before you leave as it takes a while. |
Totally agree with Chini. When I worked under contract I didn't pay AFP because I had a letter to show my National Insurance contributions in the UK (Social Security in the USA).
Talk to your employer. If your employer doesn't know then they shouldn't be deducting it. By this, I mean, it's probably going into their back pocket!! |
|
| Back to top |
|
|
roadwalker
Joined: 24 Aug 2005
Posts: 1750
Location: Ch
|
| Posted: Thu Mar 26, 2009 9:42 am Post subject: |
|
|
| Does anyone have any knowledge, experience or opinion with the fund itself? For example what are the odds for collecting a pension at retirement age for non-Chileans, particularly if they have moved on to another country? Personally, I like the idea of saving automatically where I eventually don't notice it being deducted. On the other hand if it is a terrible plan or is likely to fail I would obviously opt out. Likewise if it's impossible for foreigners to collect, it's not worth much. |
|
| Back to top |
|
|
|
FAQ
Search
Memberlist
Usergroups
Register
Profile
Log in to check your private messages
Log in
