Now that FGTS can be used to pay for travel, many people are thinking about paying their benefit in advance. This new feature is a way for Brazilians to buy tickets and also promote tourism in the country.
However, it is important to be aware of the risks of anticipating the FGTS amount, since this money is for emergency situations. See below for details about this situation.
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What is the problem with anticipating the FGTS?
It is important to note that the FGTS is money for emergencies, such as in cases of unfair dismissal. Therefore, paying the installment in advance to be able to travel, for example, may not be a good option.
This is because the FGTS is for emergencies, and withdrawing the amount to cover other expenses brings financial insecurity. Therefore, the ideal is not to use the amount in the fund for this purpose and leave it for emergency situations.
FGTS Modalities
There are two modalities, the termination withdrawal, which gives the worker the right to withdraw the total amount from the account, including the termination fine, in cases of dismissal without just cause.
The other modality is the birthday withdrawal, which was created in 2019, and allows workers to withdraw an annual portion of their account balance in the month of their birthday. The amount can vary between 5% and 50% from the sum of all balances in the worker's FGTS accounts, with an additional amount related to the balance.
News
FGTS Digital is a new feature that should be launched soon, on March 1, 2024. The launch has been postponed to allow more time for testing the system.
Therefore, it is worth highlighting that the project has been underway for four years, and that companies across Brazil have been able to test the new collection method over the last three months.
Image: Disclosure/Federal Savings Bank
