Determining the current balance of your pension fund is easier than ever. If you are wondering how to access this important information, in this note we present you the essential steps to find out how much you have accumulated in your AFP and thus make informed decisions about your financial future; in addition to other information you should know about the topic.
How do I know how much I have in my pension fund?
It should be taken into account that each AFP at the national level has a total record of all contributions. This can be viewed on the website or application of the companies, be it AFP Integra, Prima, Habitat and Profuturo.
- AFP Integra: If you are a member of this administrator, you can enter the following link: www.afpintegra.pe/iniciar-sesion.
- Prima AFP: Go to the following page that we place below: http://www.prima.com.pe/wcm/portal/PrimaAFP/inicio and enter your ID number and password under “My Account”. .
- AFP Habitat: To check the account status in this AFP you must go to www.afphahabitat.com.pe/mi-cuenta.
- Profuturo AFP: If you are a partner of this AFP, you can enter https://enlinea.profuturo.com.pe/zonaprivada/login to view your account statement.
How do I know which AFP I belong to according to SBS?
As can be confirmed on some platforms, to query which AFP you belong to, you must proceed as follows:
- Go online to the “Registration” option of SBS Services.
- Read the Terms of Use. If you agree, please agree and click “Next”.
- You will be asked for your ID number and an email address. We recommend that you have your identification document ready so that you can successfully complete your registration.
- Once you have registered, select the “Pension Management Report” option and you are done. This way you will know which AFP you are in.
If you are a foreigner, click on the appropriate option that appears in point 3.
WHAT IS THE DIFFERENCE BETWEEN AFP AND ONP?
Choosing between a Pension Fund Administrator (AFP) and the Pension Normalization Office (ONP) in Peru involves a number of important financial decisions that directly impact the economic future of workers in retirement.
In the AFP system, the amount of pension one receives is strongly influenced by two fundamental factors: the amount of savings accumulated over a working life and the profitability achieved through investments. In this system, the responsibility lies with the individual to manage their contribution and make strategic decisions about how to invest their funds.
The ONP model, on the other hand, takes a different approach. The employee contributions are transferred to a common fund that serves as a pension source for several recipients. However, this system differs from the AFPs in one crucial aspect: with the ONP, individual contributions do not generate profitability. This means that no additional increase in value is achieved through investments, regardless of the amount accumulated in the fund.
This significant difference in profitability generation directly impacts the level of pensions workers can expect. Those who choose an AFP have the opportunity to optimize their savings and promote fund growth through intelligent investment decisions. On the other hand, those who choose the ONP must remember that their pension will be largely determined by the amounts deposited, without the additional factor of investment performance.
Ultimately, choosing between AFP and ONP requires careful evaluation of retirement goals, investment ability and risk tolerance. Employees should consider these critical factors when making decisions about their long-term financial security.
WHAT ARE THE AFP
The so-called Pension Fund Administrators (AFP) are private organizations that assume responsibility for managing financial resources intended for retirement within individualized accounts.
These institutions were founded in 1993 and carry out their activities in the field of private pension system (SPP).
The AFPs play an important role in providing benefits in the form of pensions, covering areas such as retirement, disability and survivor protection. In addition, they also play a role in paying the funeral costs.
