Have you already withdrawn your FGTS?

Understand what FGTS is and how it works, in addition to its benefits for workers! 

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If you are a Brazilian worker, you have probably heard about the FGTS, but do you really know what it is and how it works? 

In this article, we will explore in detail the Service Time Guarantee Fund (FGTS) and how it can benefit you as a worker. 

What is FGTS and how does it work?

The FGTS is a right guaranteed by the Federal Constitution of Brazil to all workers with a formal employment contract. 

Its creation occurred as a form of protection for workers, offering a type of savings that can be used at specific moments in their professional life. 

This fund is made up of deposits made by the employer on behalf of the employee.

One of the main characteristics of FGTS is the fact that it is not deducted directly from the worker's salary. 

The employer is responsible for depositing the amount corresponding to 8% of the employee's salary monthly into an account linked to the FGTS at Caixa Econômica Federal. 

These deposits are monetarily adjusted and earn interest, providing an accumulation of resources over time.

When can FGTS be used?

The FGTS can be used in various situations, such as unfair dismissal, retirement, buying your own home, serious illnesses, among others. 

Furthermore, in certain circumstances, the worker can withdraw the FGTS partially to supplement the payment for a property, for example.

+ Find out more details about FGTS withdrawal

Conclusion

The FGTS is an important right that offers security and benefits to Brazilian workers. 

In this first text, you were able to understand what the FGTS is and how it works, as well as the importance of staying informed about your labor rights.

In the next text, we will discuss in detail the situations in which the worker can withdraw the FGTS. So, don't miss out!