O Severance Indemnity Fund (FGTS) it is money deposited every month to those who work with a formal contract in Brazil. It works as a kind of savings account, since the worker cannot withdraw it whenever he wants.
Read more: Minimum Wage in Portugal: See the updated values and know the cost of living in the country
see more
Ninth economy on the planet, Brazil has a minority of citizens with…
White goods: see which products the government wants to reduce…
What many people are unaware of are the reasons why the benefit can be withdrawn. There are those who think that access to money is only in cases of dismissal or in cases of use for the purchase of a home. But, know that the use of FGTS goes far beyond that.
The use of the FGTS balance is only possible in very specific situations. So if you're going through a financial crunch, see if you fit into any of the withdrawal possibilities.
In this way, the FGTS can be released for three groups. Being for housing financing, the amount can be deducted from the FGTS. Or also retirees who can access the total amount accumulated in years of work.
Another option is also in case of workers who have serious illnesses. There are three main situations that allow you to use the FGTS balance.
First of all, see the balance you have available in FGTS. Through the application it is possible to see all balances, both active and inactive accounts. To withdraw the money, just go to a Caixa branch with your personal documents.
If your intention is to use the FGTS to finance your own home, you must have at least three consecutive years of formal employment. There can also be no other housing financing. And not owning property in the city where you live.
In addition, in cases of retirement, the amount available in the FGTS can be withdrawn in full. The balance request can also be made directly through the application or at any Caixa branch.
Finally, those who have a serious health problem can request the FGTS withdrawal by presenting a medical report that proves the situation.