Fundo de Garantia do Tempo de Serviço (FGTS): Who Qualifies and What You Get
Learn how this mandatory savings account works for formal employees in Brazil and the specific rules for withdrawing your funds.
The Fundo de Garantia do Tempo de Serviço (FGTS) is a mandatory savings account that employers contribute to on behalf of their employees.
Who it's for
This scheme is for anyone working under a formal employment contract.
What you get
Your employer is required to deposit a portion of your salary—specifically 8%—into a dedicated account every month. This money acts as a forced savings fund that accumulates over time.
What it costs you
There is no cost to you. All contributions are paid directly by your employer.
The catch to know
You cannot withdraw this money whenever you want. Access to these funds is restricted to specific life events, such as being laid off without cause or using the money to purchase a home.
How to apply
- Confirm that your employer is making the monthly deposits into your account.
- Monitor your balance through the official digital channels.
- Check the official portal to see if you qualify for specific withdrawal options, such as the Saque-aniversário.