You don’t need to be fired to pull this January FGTS method

termination compensation fund (fgts) operates as a savings account for each worker with an official contract. Access to money is only allowed in specific situations. Check all shapes Of withdrawals and amounts that will be available this month.

Read more: Good news: the change to the FGTS could benefit more than 11 million people

An option is available for those who wish to access FGTS through Christmas withdrawal. This method is allowed through the Caixa Econômica Federal, which releases part of the available amount in the month of the employee’s birthday FGS account.

How to withdraw FGTS in January

Currently, workers born in the months of November, December and January can take advantage of this benefit. This method has been allowed since 2020. The worker can recover up to 50% of the balance of active and inactive FGTS accounts.

The money can be used to pay off some emergencies, for example, or even for those who want to take money out of the account and invest with more attractive returns. IPVA, IPTU, Children’s Choice are just a few examples.

Those born in November have until January 31st to receive a refund. Workers who have a birthday in December continue with the amount available through the Christmas Draw through February 28th.

In addition, the withdrawal birthday calendar for 2023 has already been released. Check it out:

The way with numbered days?

Although likely, a way to withdraw FGTS is in the sights of the new Minister of Labour, Louise Marinho (Labour). He announced that he would submit a proposal to President Luis Inacio Lola da Silva (PT) to ban the anniversary withdrawal.

Prior to that, the Minister announced that he would discuss the matter with the FGTS Board of Trustees. Luiz Marinho’s goal is to preserve the savings of the worker and to preserve the real function of the FGTS. The subject divides opinions, and depending on the following definitions, the method may cease to exist.

Christmas withdrawal is the preference of many Brazilians who have adhered to the model. There are currently more than 28 million workers in the method that transport about R$12 billion annually.