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The FGTS Birthday Withdrawal, a system introduced in 2019, allows workers to withdraw an amount from the Severance Indemnity Fund (FGTS) annually, in their birthday month. In 2024, the maximum withdrawal amount is R$ 6 thousand.
How the Birthday Withdrawal works
- Enrollment: To access the Birthday Withdrawal, it is necessary to enroll in the system through the app FGTS or at Caixa Econômica Federal branches.
- Waiting period: After enrollment, there is a 24-month waiting period before the first withdrawal can be made.
- Amount calculation: The amount that can be withdrawn varies according to the FGTS balance and follows a decreasing-rate table.
- Withdrawal date: The withdrawal can be made in the worker's birthday month, starting on the 1st.
Planning is essential
- Impact on the balance: The Birthday Withdrawal is an early withdrawal option, which means that the worker gives up receiving monetary adjustment and interest on the withdrawn amount;
- 40% penalty in the event of dismissal: In the event of dismissal without just cause, a worker who opted for the Birthday Withdrawal is not entitled to the 40% penalty on the FGTS balance;
- Assess your needs: Before opting for the Birthday Withdrawal, it is important to assess your financial needs and plan how to use the money.
Caixa Econômica Federal provides a simulator that allows you to calculate the amount that can be withdrawn according to the FGTS balance and the date of enrollment in the program.
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Other FGTS withdrawal options
- Dismissal without just cause: In the event of dismissal without just cause, the worker is entitled to withdraw the full FGTS balance;
- Purchase of a home: FGTS can be used to finance the purchase of a home;
- Emergency withdrawal: In situations of public calamity, such as natural disasters, the worker can withdraw up to R 6,220.00 from FGTS.
Important
- Read the Birthday Withdrawal rules carefully before opting for the program;
- Consider the impacts on your long-term financial planning;
- If in doubt, consult a specialized professional.
The FGTS Birthday Withdrawal may be an option for those who need extra money, but it is important to exercise caution and plan before opting for the program.
Image: Internet Reproduction
