The new FGTS rule can benefit you if you earn up to R$2,400

The government has newsletter For formal workers who Earn up to R$2,400 Month. Now, those Brazilians will be able to use the resources Lifetime guarantee fund (FGTS) to facilitate the financing of your home and the fulfillment of your dream of living in what is yours.

Read more: The minimum wage may remain revised to R$1,320 for the month of May

The action covers the first set of the Casa Verde Amarela program, soon to be renamed Minha Casa, Minha Vida. The expectation is that these people can use future sums to purchase real estate.

Call future FGTS or FGTS for payroll deduction, the method allows the use of amounts not yet deposited into the fund to extend the payment capacity of the contracting party. Although at this first moment the novelty is limited to those who earn up to R$2400, it should be expanded in the future.

According to data from data monitoring tool DataZap+, there are about 10.9 million households in this income range that could be covered by the measure.

increase in practice

The Ministry of Regional Development calculates that the increase in a citizen’s ability to pay could reach 8%. A family with an income of R$2,000 per month, for example, can finance a property for an installment payment of R$450.

If you decide to use FGTS Futuro in financing, the same family will be able to raise the installments to R$600 and finish paying the debt sooner. In the following phases, the method can also be expanded outside of the Minha Casa Program, Minha Vida.

Is the change already in effect?

The option will be regulated in January by Caixa Econômica Federal and operations are scheduled to start in April. The future FGTS shall enter into force within 90 days after the publication of the Rules by the Bank.

Before choosing to use it, you should consider all the possible consequences and difficulties of compromising a balance that does not yet exist. When using the future FGTS, the worker will not be able to withdraw the allocated resources in the event of dismissal without just cause. In addition, you will need to renegotiate the installments, since you will no longer have the deposit.