Brazilian workers have a new reason to celebrate. With the recent change implemented by Federal Governmentpossibility Total FGTS Withdrawal Now available to those who choose birthday lootThis measure eliminates the previous two-year waiting period to access the full balance of the Guarantee Fund.
Prior to this change, anyone who chose to withdraw on Christmas had to wait two years after joining to be able to make a withdrawal. Total FGTS WithdrawalWith the new rule, this restriction has been removed, allowing immediate access to available balance without having to wait for the previously stipulated period.
Request from Total FGTS Withdrawal It can be done directly by FGTS Application Until the last day of the worker’s month of birth, allowing the amount to be withdrawn in the same year of the request. Moreover, in the event of unfair dismissal, access to the balance is also released without having to wait.
Who is entitled to a full withdrawal from FGTS?
The FGTS is a work benefit due to Brazilian workers under a formal contract. However, to ensure access to it, you must fall into the following categories:
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Rural workers, including harvesters;
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workers hired on a temporary basis;
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Workers who are hired on an intermittent basis;
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Casual workers;
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Non-employee managers;
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Workers who perform activities at home;
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Professional athletes.
Understanding Total FGTS Withdrawal
The benefit will only be issued on specific occasions such as: unfair dismissal, retirement, treatment for a serious illness, or buying your own home. However, workers should be aware of the FGTS withdrawal forms currently available.
In the above alternatives, the worker has the right to withdraw all the amounts deposited in the account with Caixa Econômica. However, it should be noted that the right to benefit is not the same as the right to immediate withdrawal.
This rule is observed in the event of dismissal of the worker for a legitimate reason, which is a condition that prevents the withdrawal of the benefit, as well as a fine of 40% of the deposited amount. For those who do not know, the 40% fine is an obligation that must be fulfilled by the employer who decides to dismiss the employee without a just cause.
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