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The time to withdraw R$ 1 thousand is almost over

Employees can withdraw up to R$1,000 from the FGTS till December 15 this yr.

At the start of this yr, the Federal Government launched the extraordinary withdrawal of the FGTS (Fundo de Garantia do Tempo de Serviço). In this manner, workers can withdraw up to R$1,000 from the account. The withdrawal is non-compulsory and workers can withdraw the obtainable quantity till December 15 of this yr.

FGTS is a profit that protects staff in circumstances of unfair dismissal. Therefore, the bonus is paid month-to-month by the employer and is equal to 8% of the worker’s wage saved in financial savings.

Who qualifies for a discretionary deduction?

The spectacular withdrawal of the FGTS was given to 45.2 million Brazilians, nonetheless, about 12 million individuals haven’t but taken the portion of the obtainable profit.

The withdrawal is performed solely as soon as. Therefore, all workers who’ve worth within the account can withdraw till December 15, if he has not labored.

The withdrawal quantity is calculated based mostly on the stability of all FGTS accounts, with a restrict of R$1,000. However, if the employee earns lower than R$ 1,000, he can withdraw your entire quantity obtainable.

Funds used as mortgage collateral or FGTS within the birthday deduction technique usually are not deductible within the FGTS extraordinary deduction technique.

How to get FGTS cash?

The worth of the extraordinary deduction is obtainable within the Digital Savings Account, opened routinely by Caixa Econômica Federal for the worker. This means, the cash might be deposited straight into the account and will be withdrawn till December 15.

The account will be accessed via the Caixa Tem app (obtainable for Android and iOS).

How do I understand how a lot cash is in FGTS?

Some individuals do not keep in mind if they’ve FGTS stability, so there is doubt as to whether or not or not it is a great deduction.

The FGTS stability will be reported and requested via the Severance Indemnity Fund’s personal software, obtainable for iOS and Android. Employees can even test their stability by calling 0800 726 0207.

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