How does the extraordinary FGTS withdrawal work?
Find out all about the extraordinary FGTS withdrawal
Announcements
The consultation of the extraordinary withdrawal of the FGTS has already been released by Caixa Econômica Federal.
On March 17, the Federal Government announced a new round of withdrawals from the Severance Indemnity Fund.
The measure will benefit millions of Brazilians and stimulate the economy.
If you want to know more about it, read on. We'll explain how it all works.
What is the Severance Indemnity Fund (FGTS)?
The Severance Indemnity Fund (FGTS) was created by the federal government with the aim of protecting workers dismissed without just cause.
The deposit is made every month and is equivalent to 8% of each employee's salary. Contributions are compulsory and the amount cannot be deducted from the employee's pay.
How much does the FGTS earn?
THE FGTS yields 3% per year plus the monthly application of the TR (Referential Rate).
In addition, part of the profits are distributed among workers with linked accounts.
What is FGTS money used for?
All workers' FGTS accounts are held at Caixa Econômica Federal.
These funds are used by the government to finance housing, basic sanitation and infrastructure programs.
In this way, the money in each worker's FGTS account does not remain idle at the Caixa.
However, regardless of where the government is using these funds, workers have the right to withdraw their FGTS in certain situations.
What is the extraordinary withdrawal from the FGTS?
The Federal Government, in partnership with Caixa Econômica Federal (CEF), will release the extraordinary withdrawal of the Severance Indemnity Fund (FGTS).
It was instituted by Provisional Measure No. 1.105/22.
The FGTS Extraordinary Withdrawal calendar starts on April 20th and is based on the worker's month of birth.
The withdrawal amount is up to R$ 1,000 per worker, considering the sum of all FGTS accounts, whether active or inactive. The credit will be paid into a Digital Social Savings Account.
It is important to remember that the FGTS amount is usually withheld and can only be used in certain situations, such as dismissal without just cause and the purchase of a property.
How to consult the extraordinary withdrawal of FGTS?
The withdrawal can be consulted both via the website and the app.
On the website:
- Enter FGTS website
- Enter your CPF or PIS number to start the consultation
- To validate access, it is necessary to authenticate with a password and a code received by cell phone
- Check the payment schedule for your extraordinary FGTS withdrawal
On the website, you can find out if you are entitled to this resource and the date on which the amount will be credited to your Social Digital Savings Account.
Through the app:
- Download the FGTS app
- On the main screen of the application, find the option for Extraordinary FGTS Withdrawal
In the app, you can check the amount, check the credit date, inform if you don't want to receive the benefit, among other things.
Who can withdraw?
Anyone with an active or inactive FGTS account can withdraw money.
The limit is R$ 1,000 per person, not per account. This amount is limited to the amount the worker has in the account.
In other words, if you have less than R$ 1,000 in your accounts, you will receive less.
Extraordinary FGTS withdrawal schedule
Payment, as we mentioned, begins on April 20th and runs until June 15th.
Check out the extraordinary withdrawal schedule published by Caixa Econômica Federal:
| Month of birth | Filing date |
| January | April 20th |
| February | April 30th |
| March | May 4th |
| April | May 11th |
| May | May 14th |
| June | May 18th |
| July | May 21st |
| August | May 25th |
| September | May 28th |
| October | June 1st |
| November | June 8th |
| December | June 15th |
How do I request a withdrawal?
The money will be made available automatically in the worker's Caixa Tem account.
If the beneficiary does not have a Caixa Tem account, Caixa Econômica Federal will open one for them. an account in the employee's name automatically.
Once the amounts have been credited, it will be possible to pay bills or use the virtual debit card and QR Code to make purchases.
What should you do if you don't want to receive the extraordinary FGTS withdrawal?
If you have already decided that you do not want to receive this amount, you should go to a Caixa branch or access the FGTS app to inform them that you are not interested in the benefit.
However, if this decision is made after the Caixa Tem account has been debited, you can request the reversal of the extraordinary FGTS up until 10/11/2022.
If the amounts have been credited to the worker's Digital Social Savings account and the account is not used by 15/12/2022, the funds will return to the FGTS account.
FGTS: what to do with the money withdrawn?
In order to make the best use of these resources, it's best to plan ahead.
The first step is to analyze your needs and your financial situation.
In any case, you can think of some clever ways to use this money. Check them out:
- Paying off debts
- Building your emergency reserve
- Making a private pension
- Investing in your life goals
- Investing in your well-being
If you want to make financial investments but don't have much experience, the ideal is to start with more conservative investments, such as CDBs or government bonds from the Treasury Direct.
What precautions should be taken?
Caixa Econômica Federal does not send messages requesting sensitive data such as passwords, your card's security code or personal information.
Nor does the company send links asking for confirmation of device or account access.
If you receive any messages like this, be wary.
Conclusion
Now you know exactly how the extraordinary FGTS withdrawal works.
To find out if you are entitled to the benefit, go to the FGTS website or app.
For more information, please contact Caixa Econômica Federal through one of their service channels.
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