The birthday loot Service Time Guarantee Fund (FGTS), introduced in 2020, offers workers the possibility of withdrawing a portion of the balance of their FGTS accounts annually, during the month of their birth. The modality is optional and can be managed through digital channels, facilitating access without the need to visit a bank branch.
How does Birthday Withdrawal work?
O birthday loot allows the worker to make an annual withdrawal of part of the FGTS balance. However, opting for this modality implies the loss of the right to withdraw the total amount accumulated in the fund, in case of unfair dismissalleaving only the termination fine of 40% on balance.
To join the birthday withdrawal, the worker must inform the Caixa Econômica Federal your choice. The process must be formalized by the last business day of the beneficiary’s birthday month. Otherwise, it will only be possible to withdraw the funds the following year.
What are the Membership Channels?
Those interested in joining the anniversary withdrawal of the FGTS can do so through the application FGTSaccessible for both systems Android how much iOSthrough the official website of FGTS or by internet banking from Boxensuring practicality and security in the management of withdrawals.
What to consider before opting for the Modality?
- Benefits: Possibility of having an annual source of funds.
- Disadvantages: Loss of the right to full withdrawal in situations of unfair dismissal.
- Practicality: Fully digital management of withdrawals.
It is essential that workers weigh the pros and cons before deciding to switch to the birthday withdrawal, analyzing their financial situation and future needs.
What is the Birthday Withdrawal calendar?
Withdrawals for the year 2024 already have defined dates, and it is important that workers pay attention to the calendar to plan their finances:
- Born in January: withdrawals from January 2nd to March 29th
- Born in February: withdrawals from February 1st and April 30th
- Born in March: withdrawals from March 1st to May 31st
- Born in April: withdrawals from April 1st to June 28th
- Born in May: withdrawals from May 2nd to July 31st
- Born in June: withdrawals from June 3rd to August 30th
- Born in July: withdrawals from July 1st to September 30th
- Born in August: withdrawals from August 1st to October 31st
- Born in September: withdrawals from September 2nd to November 30th
- Born in October: withdrawals from October 1st to December 29th
- Born in November: withdrawals from November 1st to January 31st, 2025
- Born in December: withdrawals from December 2nd to February 28th, 2025
What is the Impact of the Birthday Withdrawal on Financial Planning?
The possibility of earning extra income annually can be a valuable tool for financial planning. However, it is essential that workers are clear about the conditions and restrictions, especially the impossibility of withdrawing the full balance in the event of dismissal, which requires more cautious and planned financial management.
