FGTS – Caixa releases more installments from the fund
Have you ever stopped to think that despite everything, the Government of Brazil is a government that offers various benefits to its citizens?
Among the best known, we can highlight the FGTS (Indemnity Fund for Length of Service) which, in turn, is aimed at formal workers.
The fund in question is one of the greatest expectations of the worker, whether he is still performing his duties within a company, or unemployed.
Recently, some information was released regarding the benefit, in which Caixa would release more installments, however, so that you can get more details about it, continue reading.
FGTS - What is it and how does it work?
Even before we can provide more information about the installments that will be released from the FGTS, it is interesting that we highlight what exactly it is about.
As previously noted, the acronym in question refers to the Severance Indemnity Fund.
Briefly explaining, the benefit in question basically represents a monthly deposit into your Caixa account.
The deposit in question is made by your boss and, in fact, it is a contribution in addition to your salary.
In other words, no amount is deducted from the payroll.
However, the amount deposited monthly is equivalent to 8% of your monthly remuneration.
If the boss is late to make the deposit, it is worth saying that he will have to bear the consequences, which in this case is a fee.
The money, as already mentioned, is directed to a CAIXA account.
However, it doesn't just stop there.
The amount you have in your name is used to contribute towards the minimum citizenship conditions imposed by the government, such as basic sanitation, education, health and much more.
However, this does not mean that when it is possible to withdraw and you then wish to carry out such an operation, the amount will not be made available.
And speaking of making your money available, it is worth saying that it can come from two specific moments.
The first one is once a year, in which the government makes it possible to withdraw a certain amount from one of your inactive accounts.
But this is not mandatory.
The other form of withdrawal, which is also the most common, is when leaving your job.
But for that, it is necessary to work according to the rules of the CLT.
FGTS – Caixa releases more installments from the fund
Now that you already know a lot about the FGTS, it remains for us now to present more details about Caixa releasing installments from the fund.
Directly explaining everything that has already been defined, in this year 2021 the largest financial institution in the country, Caixa Econômica Federal will release five more FGTS installments for workers who adhered to the birthday withdrawal model.
The model in question basically consists of withdrawing the money for which you are entitled, on a date close to your birthday.
The remaining rounds for the withdrawal were for the month of August, until December.
Still referring to the functioning of the birthday withdrawal, the amount that you have the alternative of withdrawing is available only until the last working day of the month of your birth.
If you do not withdraw within the stipulated period, the amount you are entitled to will return directly to your FGTS Caixa account.
FGTS- Current Calendar
Birthday month – Withdrawal period
January – 04/01 to 31/03;
February – 01/02/ to 30/04;
March – 01/03 to 31/05;
April – 01/04 to 30/06;
May – 03/05 to 30/07;
June – 01/06 to 31/08;
July – 7/1 to 9/30;
August – 02/08 to 29/10;
September – 01/09 to 30/11;
October – 10/01 to 12/31;
November – 11/01 to 01/31/2022;
December -01/12 to 28/02/2022.
An important piece of information to make clear is that the balance made available by the birthday withdrawal is readjusted with interest and monetary correction according to the daily indices.
Which, in other words, means that the amount you can withdraw can vary without following an exact pattern.
