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The Severance Indemnity Fund (FGTS), one of the main benefits for Brazilian workers, is undergoing significant changes. Therefore, as the year progresses, important news is emerging about the final FGTS payments for certain groups. This is a crucial moment, especially for those who have not yet withdrawn their FGTS and are seeking extra income at the end of the year.
December marks the last chance for those born in this month to make their FGTS birthday withdrawal. This method allows the withdrawal of part of the fund, ranging from 5% to 50% of the available balance, depending on the total amount in the account. Therefore, it is essential to be aware of the withdrawal deadlines, as they are strictly regulated.
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FGTS withdrawal opportunity
FGTS represents a significant financial reserve for many workers, accumulated over their time in service. Therefore, those eligible for the birthday withdrawal in December, specifically those born in this month, have the right to make the withdrawal. In addition, those born in October and November are still within the deadline to make their withdrawals, provided they have already opted for this modality.
How to make the withdrawal?
To withdraw FGTS in December, it is crucial to understand the difference between the termination withdrawal and birthday withdrawal modalities. Thus, by opting for the birthday withdrawal, workers choose to withdraw part of their FGTS annually, but lose the right to withdraw the full amount in the event of dismissal without just cause, except for the 40% fine. The switch to this modality must be made in the worker's birth month. In addition, workers also have the option of advancing the withdrawal through a loan, a modality that allows them to advance up to three years of the amount available for withdrawal.
FGTS is going through an important transition period, with final payments being announced for specific groups. Workers should pay close attention to the rules and deadlines so they do not miss this valuable opportunity.
