The Chamber of Deputies approved a Provisional Measure (MP) on Wednesday (29), raising the payroll loan limit for most wage earners. The law authorizes this form of financial assistance for those who receive the Continuous Cash Benefit (BPC), Lifetime Monthly Income and Brazil Aid. It is currently heading to the Senate to await a vote.
Check out more information about the 45% of increase in payroll loans.
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Read more: INSS payroll loan: how to block and unblock benefit?
Several actions were taken in response to Covid-19, to reduce the financial problems faced by the general public, particularly those that affect more vulnerable groups such as the elderly and pensioners. INSS.
According to data from Agência Câmara de Notícias, the approved text is the work of the rapporteur Bilac Pinto (União-MG). Thus, the government announced a 5% increase in the payroll margin in 2022, rising to 40%.
Always bear in mind that 5% of this total is intended only for the payroll credit card. As of edition 1,106/2022 of the MP, retirees and pensioners are authorized to contract payroll with a higher margin.
In implementing the provisional measure, the Chamber of Deputies decided to further increase the INSS allocation margin for 45%, keeping 35% for commercial operations and dividing the remaining 10% between the payroll benefit and credit cards credit.
Finally, for Auxílio Brasil beneficiaries, the margin allowed for investments is 40% of the value of the benefit. It is important to emphasize that the Government will not be responsible for the debt.
With that, before acquiring loans for government benefits and programs, one should consider carefully. It is essential to bear in mind that the payroll loan automatically reduces the value of the installments in the payment or benefit schedule.
In this way, the maximum limit of the payment that you can acquire with a payroll discount is the allocated margin. This ensures that the beneficiary does not use the entire amount of payments on credit card debt.
