FGTS withdrawal: find out how to withdraw

FGTS withdrawal: find out how to withdrawr and how to make your dream of owning your own home come true with this resource!

The Service Time Guarantee Fund (FGTS) is a right for workers that aims to protect them in the event of unfair dismissal, serious illness, retirement or purchase of their own home. 

This fund is made up of monthly deposits made by the employer into an account linked to the worker at Caixa Econômica Federal. 

The deposit amount is equivalent to 8% of the worker's salary, without deducting from their pay.

FGTS withdrawal is the possibility of withdrawing the money accumulated in the FGTS account in certain situations provided for by law. Some of these situations are:

• Dismissal without just cause
• Termination of the contract for a fixed period
• Retirement
• Serious illness (such as cancer or AIDS) of the worker or his dependent
• Death of the worker
• Age 70 years or older
• Buying or paying off your own home
• Public calamity or natural disaster
• Birthday Loot

How to withdraw FGTS?

To withdraw the FGTS, the worker must go to a Box Econômica Federal or an authorized service point, carrying the necessary documents to prove your right to withdraw. 

The documents vary depending on the situation that led to the withdrawal, but generally include the work card, PIS/PASEP number, proof of residence and identity document.

However, currently the 100% withdrawal can now be requested digitally, that is, without the need to go to a Caixa branch.

The online request must be made through the FGTS application.

The value of the FGTS withdrawal depends on the balance available in the worker's account and length of service. 

This withdrawal can be total or partial, depending on the rules established for each situation. 

Workers can check their FGTS balance and statement via the FGTS app, the Caixa Econômica Federal website or by calling 0800 726 0207.

How to use FGTS to make your dream of owning your own home come true?

Buying your own home is one of the greatest desires of many Brazilians, and the Service Time Guarantee Fund (FGTS) can be a specific ally on this journey. 

If you're ready to make this dream a reality, this step-by-step guide will show you how to use FGTS effectively to get the home you want.

1. Check the Necessary Requirements

Before starting the process, it is essential to make sure that you meet the requirements to use the FGTS to buy the house. Typically, conditions include:

• Have at least three years of work with a formal contract.
• Do not own another property in the same municipality or metropolitan region where I intend to buy a house.
• The property must comply with the rules of the Minha Casa, Minha Vida Program or the Housing Financial System (SFH).

2. Check the FGTS Balance

Access the Caixa Econômica Federal website or the FGTS application to check the available balance in your account. Remember that the FGTS is made up of monthly deposits made by your employer.

3. Choose the Property

With your FGTS balance in hand, it's time to look for the property of your dreams. Make sure it meets the requirements for using the FGTS and fits into your budget.

4. Request for the FGTS Analytical Statement

To prove the use of FGTS when purchasing property, you will need to obtain an FGTS analytical statement from Caixa Econômica Federal. 

This document is essential for financing approval.

5. Financing a House

Now is the time to finance the chosen property. The FGTS can be used as a down payment, amortization of the outstanding balance or to reduce the value of monthly financing installments, making it more accessible.

6. Submit the Necessary Documentation

Prepare documentation, which includes proof of income, personal documents, proof of residence, and the FGTS analytical extract. 

Then, be ready to submit all necessary documents for financing approval.

7. Wait for the Bank's Analysis

The financial institution will analyze your request for financing and use of the FGTS. This step may take some time, but patience is essential.

8. Signing the Contract

After approval, you will approve the financing contract, defining the loan conditions, including the use of FGTS.

9. Register the Property

Finally, it is necessary to register the property in your name at the Property Registry Office. This makes the purchase official and guarantees that the property is legally yours.

Congratulations! You are now the owner of your home, a result of the security and stability of having achieved the dream of owning your own home with the help of FGTS Withdrawal.

Conclusion

Withdrawing the FGTS is an important benefit for workers, as it allows them to have access to a financial reserve in times of need or when carrying out personal projects. 

However, it is necessary to be aware of the conditions and deadlines for making the withdrawal, as well as its impacts on future income and retirement.