Find out how to anticipate FGTS funds and decide how to use the money.
Brazilians who are employed with a formal employment contract accumulate a certain amount of money during their professional career. Specifically, we are referring to the Severance Pay Guarantee Fund (FGTS). However, certain rules determine access to these funds.
For example, in cases of unfair dismissal or serious health conditions, the employee is not allowed to access these resources. However, there are still methods to anticipate the FGTS. Continue reading for more details.
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How can you anticipate your FGTS and make the most of the money?
As previously highlighted, the FGTS offers several withdrawal options. One notable option is the severance pay withdrawal, which grants the employee the right to withdraw the full amount in cases of unfair dismissal. However, if the individual wishes to access the FGTS and remains employed, he or she can opt for the anniversary withdrawal.
Furthermore, this FGTS option makes it possible to withdraw installments in advance that would normally only be released on the employee's birthday. Therefore, it is possible to withdraw up to 12 installments at once.
Therefore, as this transaction is equivalent to a type of loan, it is subject to interest. However, given the low associated risk, it appears as an attractive alternative for those seeking additional resources.
How to activate the anniversary withdrawal?
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To access this benefit and withdraw funds in advance, you must first enable this withdrawal method. This is done through the FGTS app (Android, iOS). See the procedure below:
- Launch the application;
- Register or log in with your credentials;
- In the app's main menu, tap on “FGTS Anniversary Withdrawal”;
- After reading, select “I agree to the terms and conditions” and then click on “Adopt Anniversary Withdrawal”.
Once this step is complete, you can request the anniversary withdrawal, since the option will be active in your profile. It is worth noting that the annual amount available for withdrawal varies from 5% to 50% of the total accumulated in the worker's FGTS accounts, supplemented by an additional amount.
