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FGTS: learn how to find out if you are eligible to receive it

Created by the Federal Government, the Severance Indemnity Fund (FGTS) is an “investment” aimed at formal workers, as a guarantee. This investment comes from the worker, as a way of making him obtain a financial reserve. The distribution for 2022 will be made soon, more precisely in August. Check if you are eligible to receive your FGTS, read the article in its entirety and learn more!

Read more: Is it possible to give up the FGTS birthday withdrawal? Check it out here!

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Learn all about the FGTS

Due to the lack of financial education in schools, Brazilians do not usually know much about how to save money, in addition to other forms of financial organization. With this problem in mind, the FGTS was created.

The employer is responsible for the Guarantee Fund, since it must deposit 8% of its employee's salary, on a mandatory basis. In view of this, it is also important to point out that no deduction should be made from the worker's salary on account of this deposit.

Each year, the entity responsible for administering this money, which is Caixa Econômica Federal, distributes the profits to the respective owners. However, there are some specifications for carrying out the withdrawal:

  • Purchase of a property (either by consortium or financing);
  • In case of dismissal without just cause;
  • Retirement;
  • Termination agreement;
  • Temporary employment contract ending;
  • When the boss dies or the company closes its doors;
  • Persons aged 70 and over;
  • Being without a job for three months or more;
  • In the case of serious illness (such as cancer or AIDS) or terminal illness of the worker and/or their dependents;
  • Death of the worker;
  • In case of natural disasters that result in damage to the worker;
  • When there is no type of deposit in the worker's account for three consecutive years.

The exact values ​​of the FGTS have not yet been disclosed, but it is possible to calculate based on the profits obtained in 2020. Thus, the average value is between R$ 37.26 and R$ 1,863.00.

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