THE FGTS It is a right of every worker, and although many do not know it, You have the right to withdraw your Guarantee Fund early! Come and check out the modalities and rules needed to acquire part of this money without having to wait a long time, see now!
The (FGTS) Severance Pay Guarantee Fund was developed with the aim of protecting and financially supporting Brazilian workers who are dismissed without just cause, but it can also be used in several other circumstances, and we will explain each of them so that you can acquire additional money by withdrawing from this account linked to the employment contract.
Advantages of FGTS
The Guarantee Fund represents countless benefits for Brazilian workers. In addition to bringing greater economic security, it is also a major labor achievement, which aims to value the labor and service of thousands of Brazilians. Check out the main advantages:
- More purchasing power:
The FGTS guarantees an additional amount for the worker in specific situations of greater need, guaranteeing an increase in purchasing power in specific everyday situations.
- Profitability update:
Through the new change, the FGTS's profitability is now directly linked to the inflation rate, which means that the amount accumulated in the fund will be updated in real terms according to the rates. In other words, your fund will never depreciate.
- Financial reserve:
The fact that the FGTS cannot be accessed at any time guarantees a capital reserve. This means additional capital reserve protection for the population, even if this person has spent all their money.
- Social justice:
Through greater recognition of labor and work, this benefit demonstrates a great legalistic achievement of the working class.
FGTS stands for: Severance Pay Fund. It is guaranteed by law and was established to provide more protection to workers who are unfairly dismissed. In addition, it provides a type of emergency financial reserve, as it is made up of mandatory monthly deposits by the employer, who will deposit 8% of the employee's salary into this fund each month.
Access to this fund will be granted in special situations such as unfair dismissal, treatment for a serious illness or when purchasing a home. However, it is worth remembering that there is also a FGTS Anniversary Fund modality, which facilitates early access to the benefit. To withdraw this benefit, it is necessary to consult the rules and the respective calendar. Check out more information in the following topics.
- How to withdraw FGTS in advance?
If you haven't been laid off from your job and aren't buying your own home and still want to access the money in your guarantee fund, don't worry! There are other ways to withdraw part of the deposited amount without falling under these two rules. To check out the step-by-step guide to advance your FGTS, just click on the button highlighted below and you will be redirected to our complete tutorial!
