FGTS PROFIT 2023: learn how to consult and payment schedule

Caixa Econômica Federal (CEF) will release the profit from the Severance Indemnity Fund (FGTS) in 2023. The transfer is made annually and based on the balance of the fund's accounts by the 31st of each year. Workers have been receiving part of the fund's profits since 2017. The amounts are generated from interest charged on loans for sanitation, home ownership and infrastructure projects. However, due to high inflation, profit distribution will not allow the fund's accounts to replace losses, which is unprecedented since 2017. Workers will be able to withdraw the money under the same conditions as in the traditional modality: retirement, dismissal without just cause or purchase own residence. The calculation of the FGTS profit is based on 99% of the previous year's balance and divided among the accounts registered with the CEF.

In addition, the Government is analyzing the possibility of allowing workers to use the FGTS to buy cars, in addition to the existing modalities. This could be an interesting opportunity for those planning to purchase a new vehicle, but it is important to remember that this option has not yet been officially announced and may change.

It is important to point out that the yield offered by the FGTS, approximately 3% per year, plus the variation of the Referential Rate (TR), aims to provide profitability for the fund's accounts. However, due to high inflation, this income may not be enough to cover account losses and guarantee a secure financial reserve for workers. It is important for each person to assess their financial situation and consider their needs before deciding whether or not to withdraw the FGTS profit.

It is also important to mention that the withdrawal of FGTS profit, as well as any other operation related to the fund, must be done exclusively through Caixa Econômica Federal, and that it is necessary to comply with all the requirements established by the institution for the withdrawal. Workers should pay attention to the dates and deadlines established by the CEF for withdrawing profits, as this information can be found on the institution's website or at Caixa branches.

In short, the FGTS profit in 2023 will be released by Caixa Econômica Federal, but due to high inflation, it may not be enough to cover account losses and guarantee a safe financial reserve for workers. The yield offered is approximately 3% per year plus the variation of the Referential Rate (TR), the return on the fund's accounts. It is important for each person to assess their financial situation and consider their needs before deciding whether or not to withdraw the FGTS profit and the conditions for this are always available at Caixa Econômica Federal.

In practice and based on savings balance estimates, the worker was considered as follows:

For R$ 100 in savings – received R$ 2.75;
For R$ 500 in savings – received R$ 13.74;
For R$ 1,000 in savings – received R$ 27.49;
For R$ 5,000 in savings – received R$ 137.45;
For R$ 10,000 in savings – received R$ 274.90.