FGTS (Severance Fund): Who Qualifies and What You Get
Learn how the FGTS works, how much is deposited into your account, and the specific rules for withdrawing your money.
The FGTS is a mandatory savings account for workers that accumulates a portion of your earnings to provide financial support during specific life events.
Who it's for
This scheme is for formal employees working under the CLT regime.
What you get
Your employer makes a monthly deposit equal to 8% of your salary into a dedicated savings account. This money is set aside for you to use during emergencies or to support you in retirement.
What it costs you
There is no direct cost to you, as the amount is an automatic deduction from your salary.
The catch to know
You cannot withdraw this money whenever you want. Access to the funds is restricted to specific legal situations, such as being dismissed without cause or using the money to purchase a home.
How to apply
- Check your pay stub to ensure your employer is making the monthly deposits.
- Monitor your balance through the official government portal.
- Verify if your current situation meets the legal requirements for a withdrawal.
- Visit the official portal for more details: https://www.fgts.gov.br/