FGTS Profit: learn all about the receipt process 

FGTS Profit is paid annually, and you probably already know that.

Just as you also know that the disclosure of the values obtained last year and that will be distributed takes place between July and August.

But what we still need to talk about is who is entitled, and also about the calculation of values and common withdrawal procedures.

All of this is extremely important, especially for those who want to be prepared during the deposit period.

If this is your case, then check out all the explanations below!

Who is entitled to FGTS Profit?

FGTS Profit is obtained through the values present in the accounts during the calculation base year.

Therefore, to be entitled to it, you must be a worker with an account in the Severance Indemnity Fund system.

Furthermore, it is necessary that during the base year there is some balance in the worker's account, since the profit is obtained through this balance.

As for the value of this balance, it does not matter whether it is low or high, since every value is considered.

However, the greater the current balance, the greater the profit obtained, since the calculation basis corresponds to it.

It is worth mentioning that it is not necessary to have a record in your portfolio during the base year, since both active and inactive accounts are considered in the calculation.

What is the value of FGTS Profit?

The value of FGTS Profit changes every year, so in previous years we had the following values:

• 2023: R$ 12.7 billion
• 2022: R$ 13.2 billion
• 2021: R$ 8.1 billion
• 2020: R$7.5 billion 

There is still no information on the values for the year 2024, since this disclosure will only occur between the months of July and August.

But if you want to know about the specific amount, i.e. the calculation method based on the account balance, it varies depending on the distribution ratio.

Therefore, you must multiply the balance in the account on December 31, 2023 by the distribution ratio to find out your profit margin to receive.

But, if you want ease, just wait for the general release, when you will have access to the detailed values and indexes.

How is this amount released for withdrawal?

The possibilities of withdrawing FGTS profits are what generates the most curiosity among most beneficiaries.

This is because many believe that it is a type of extraordinary withdrawal, or something like that.

However, it is worth mentioning that this is not quite the case, as the FGTS Profit amount is not separated from the total balance of the account after the deposit.

Therefore, from the moment it is deposited into the account, it becomes part of the balance, so it is not possible to withdraw it separately.

Therefore, the withdrawal of FGTS Profit must comply with the general withdrawal requirements, so that it can occur on the following occasions:

• In case of dismissal without just cause, by the method Withdrawal-Termination;
• At the time of retirement;
• Annually, by modality Anniversary Withdrawal;
• In case of serious illness;
• Real estate financing;
• Situation of public calamity;
• Among others.

So, be aware that it will most likely not be possible to withdraw FGTS Profit instantly, unless one of the requirements above is met.

Is it possible to use the amount in the Anniversary Withdrawal loan?

Throughout the previous topic we saw that it may not be so simple to withdraw the balance corresponding to the FGTS Profit.

This gives hope to everyone dealing with a blocked FGTS balance: the Anniversary Withdrawal Advance Loan.

With this type of loan, you can withdraw up to 10 years of installments from the anniversary withdrawal, so that your FGTS balance is not tied up.

But, is it possible to withdraw the amount corresponding to the FGTS Profit using this alternative?

It is worth saying that yes, it is possible, since the profit becomes part of the total balance of the account.

Therefore, if the loan is approved considering the full balance, it will also be possible to anticipate the profit.

However, it is important to say that this loan has rules, requirements and each bank determines its interest rates.

So, it is worth thinking carefully before adopting this alternative, in order to do something that is really worthwhile.

Did you like the option? So, in the months of July and August 2024, keep an eye out to check the values and dates of this year's FGTS Profit!

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