In addition to the birthday and termination withdrawal, there are several other ways to withdraw the FGTS. Do you know how to check if your profile matches each of them?

We have prepared a guide to help you understand how to access this money and learn about each of the withdrawal methods.

Therefore, continue reading and find out what the conditions are for accessing your Guarantee Fund.

We can answer your main questions on this subject and help you get extra value to get out of the financial bind.

FGTS is the acronym for Service Time Guarantee Fund, this is a right of workers with a formal contract.

It consists of a deposit made to Caixa Econômica Federal every month by the employer. The value is 8% of an employee's salary.

Therefore, if the employee is fired without just cause, it is possible to use the FGTS to support himself. It is worth remembering that the accumulated money receives a sum of 20% to 40% of the total amount.

However, it is also possible to withdraw the FGTS even without facing dismissal. Therefore, we dedicate this text to clarifying other ways to access the funds from this benefit.

There are several situations in which a person receives the right to withdraw the FGTS. Firstly, we can mention the most common: being fired without just cause. In this situation, the so-called withdrawal-rescission is made.

On the other hand, the worker can also change the way he wants to access this money, releasing part of the amount every year on his birthday.

Finally, there are several other specific situations that deserve to be described in more detail. Therefore, continue reading and learn about the main ways to access money.

Discover the different ways to withdraw the FGTS in the next topics of the text! We have prepared a complete guide to help you understand each scenario and find out if you fit into one of them.

Therefore, read carefully and clear all your doubts.

Firstly, we mention withdrawal-termination. This is the way to withdraw the FGTS available to people who were fired without just cause.

By using this form of withdrawal it is possible to have access to all available money plus a percentage that varies from 20% to 40% of the total. This is the fine imposed on the company.

On the other hand, anyone who changes the form of receipt for the birthday withdrawal is entitled to make withdrawals from the FGTS every year. It is possible to access the money in the month of birth and even in the following two months.

However, it is important to note that there is a limit to the amounts that can be withdrawn. Therefore, consult the table with the maximum values for each income on the Caixa website.

Did you know that a worker can withdraw the entire FGTS at once when retiring through the INSS?

Therefore, during the working period it is possible to choose one of the ways described above and, upon retirement, have access to all the money saved.

The Government also allows a worker to withdraw the entire value of their FGTS if they plan to use it to finance a property.

It is possible to use this money as a down payment or even to pay some installments in advance.

The worker can also withdraw the FGTS under extraordinary conditions created by the Government. For example: in August 2022 withdrawals of up to R$ 1,000.00 were released.

Finally, if you wish to keep the money in your account, you can refuse this withdrawal method and continue using the one you prefer, such as the birthday withdrawal or withdrawal.

If the employee, their spouse or children suffer from serious illnesses, it is possible to withdraw part of the FGTS.

At the same time, any illness that leaves one of the relatives described above in a terminal condition also releases this benefit.

Finally, in the event of the worker's death, the FGTS also becomes available for withdrawal.

If the company where an employee works declares bankruptcy, the employee has the right to withdraw the FGTS at the same time.

Although it is not a dismissal, the Government understands that the conditions are similar and that the worker needs to have access to the funds saved in this scenario.

Before withdrawing the FGTS, you can make an inquiry to find out how much money you have saved. 

To access this information, simply download the “FGTS” app from your cell phone’s app store. Then, create a login and click on the “My FGTS” button in the bottom left corner.

This way, you will be able to access the statement and the available amount.

After knowing all the ways to withdraw the FGTS described above, you may be wondering how to access this money.

One of the ways is to use digital withdrawal. Therefore, simply access the FGTS app and choose this withdrawal method.

Then, enter a current or savings account in the worker's name and choose the withdrawal method that suits your reality.

FGTS is a benefit that seeks to provide income to workers who were fired unexpectedly. Therefore, it is recommended that it not be spent all at once or on expenses that are not extremely necessary.

Our tip is to use the FGTS money for investments that are of highest priority. For example: medical treatments or buying your own home. On the other hand, more frivolous expenses can wait.

And if you want to check out more information about the FGTS, check out our text that teaches you in detail how to check your balance! We can help you understand different ways to access this information.