You are currently viewing Withdrawal of CTS: how the money is released and until when it can be withdrawn

If you have funds for Service Time Compensation you can withdraw up to 100% of your money thanks to the new withdrawal of CTS which was made available since last Monday, June 6. Those who have money and want to withdraw part or all of their funds can read the following note, where we will tell you all the details to make the withdrawal.

HOW IS THE CTS WITHDRAWAL DONE?

The withdrawal of the CTS in this 2022 will be easier than in other years since Peruvians who wish to withdraw 100% or part of their money for Compensation for Time of Service (CTS), will only have to go to the ATM or bank where they have your money and withdraw it, otherwise, another option is to make transfers between accounts or interbank to be able to count on the money.

It is important to specify that one or more CTS withdrawals may be made from this Monday, June 06, to December 31, 2023, as determined by the law on the withdrawal of CTS that was published in the newspaper El Peruano.

WHEN DO YOU DEPOSIT THE CTS?

The CTS is equivalent, on average, to an annual remuneration, which must be deposited by the employer in favor of the worker in two parts of 50% each.

  • The first deposit must be made until May 15 and, according to the Ministry of Labor, it covers work periods from November to April.
  • The second disbursement is due on November 15 and runs from May to October.

UNTIL WHEN, HOW AND WHERE TO DO THE WITHDRAWAL?

As has been reported in recent days, the withdrawal of the CTS will be available from this Monday, June 06 throughout the country. And it is that since the enactment of the CTS withdrawal law, 15 days have already passed to be able to release the money.

The professor and finance expert, Jorge Carrillo Acosta, was the one who explained the release dates of the CTS and everything involved in withdrawing the money.

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J. A. Allen

Author, blogger, freelance writer. Hater of spiders. Drinker of wine. Mother of hellions.