FGTS Anniversary Withdrawal: what is it and how does it work?
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Do you know what it is and how it works? FGTS Anniversary Withdrawal?
This withdrawal method allows the worker to withdraw part of their balance each year in the month of their birthday.
To use this option, you must opt for the anniversary withdrawal with Caixa Econômica Federal.
After joining, the amount available for withdrawal varies according to the balance in the FGTS account.
Learn more about this withdrawal method in this article.
What is the FGTS Anniversary Withdrawal and how does it work?
The FGTS Anniversary Withdrawal allows workers to withdraw part of their FGTS account balance annually, in the month of their birthday. Established by Law 13.932/19, this option is voluntary.
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Those who do not adhere remain in the standard system, known as Withdrawal-Rescission:
1. Optional Membership: Joining the Anniversary Withdrawal is optional. Those who do not opt in will remain in the standard system, which is the Termination Withdrawal.
2. Annual Withdrawal: In the month of their birthday, the worker can withdraw part of their FGTS balance.
3. Limited Value: If the employee is fired, he/she can only withdraw the amount corresponding to the termination fine and not the full amount in the account.
4. Return to Withdrawal-Termination Modality: The person who decides on the Anniversary Withdrawal option can opt for the Termination Withdrawal option through the FGTS application.
But, as long as there is no advance operation contracted.
In this sense, the change will only take effect from the first day of the 25th month, after the date of the return request.
5. Covers All Employment Contracts: The option of FGTS Anniversary Withdrawal or Withdrawal-Rescission, while in force, covers all employment contracts.
Therefore, if a new employment contract is signed when the employee is in the Anniversary Withdrawal modality, he/she will be governed by this modality until he/she opts for the change and fulfills the qualifying period.
For example, suppose a worker chooses FGTS Anniversary Withdrawal in March 2023 and decide to return to the Withdrawal-Termination modality in May 2023.
The effective change will take place from June 2025.
During this period, the worker will receive their annual Anniversary Withdrawal in February 2024 and 2025.
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How is the withdrawal amount determined?
At first, the value of FGTS Anniversary Withdrawal is determined by applying a rate, which varies from 5% to 50%.
In this sense, this rate is applied to the sum of all balances in the worker's FGTS accounts, plus an additional portion.
This modality allows the worker to withdraw part of the balance from their FGTS account annually, in the month of their birthday.
In short, in the Anniversary Withdrawal modality, the worker can withdraw only part of their FGTS balance in the month of their birthday.
It is important to know the characteristics of each modality before opting for that modality.
Can I bring forward the FGTS Anniversary Withdrawal?
The advance FGTS Anniversary Withdrawal is an option that allows the worker to advance part of the amount that he would be entitled to withdraw annually in the month of his birthday.
In short, in this modality, the FGTS balance is used as collateral, and the amounts are automatically discounted annually in the month of the worker's birthday, it is possible to advance up to 10 installments of the guarantee fund.
The advance works as a type of loan, with an interest rate of 1.49% per month.
Workers who opt for FGTS Anniversary Withdrawal can advance the withdrawal of up to 3 years of FGTS.
The advance can be requested without leaving home, by accessing the Caixa website or app.
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Anniversary Withdrawal FAQs
What is Anniversary Withdrawal?
Anniversary Withdrawal is a type of FGTS withdrawal that allows workers to withdraw part of their account balance annually, in the month of their birthday.
It is an option to the Withdrawal-Rescission, which releases the entire FGTS balance in the event of dismissal without just cause.
Who can join this withdrawal method?
Any worker with a formal employment contract and a balance in their FGTS account can join this modality.
How to join the Anniversary Withdrawal?
Joining the Anniversary Withdrawal is optional and can be done in two ways:
Through the FGTS application
- Download the FGTS application (available for Android and iOS);
- Access your account using your CPF and password;
- On the home screen, click on “Withdrawal-Anniversary”;
- Follow the on-screen instructions.
In person at a Caixa Econômica Federal branch
- Bring your ID, CPF, work permit and FGTS card with you;
- Inform the attendant that you wish to join the Anniversary Withdrawal.
When can I withdraw with Anniversary Withdrawal?
Withdrawals can be made from the first day of your birthday month until the last day of the second subsequent month.
For example, if your birthday is in January, you can withdraw between January 1st and March 31st.
What are the advantages of Anniversary Withdrawal?
Cash availability: You can access a portion of your FGTS annually, even if you are not fired.
Financial planning: people can plan their expenses with more peace of mind, knowing that they will have extra money.
Conclusion
THE FGTS Anniversary Withdrawal It is a modality that can bring great benefits, depending on your needs.
Therefore, it is important that you analyze your financial situation before requesting this withdrawal, and not jeopardize your finances.
