FGTS will be able to pay off up to 12 delayed installments of the property this year

The Board of Trustees of the FGTS (Fundo de Garantia do Tempo de Serviço) authorized the use of the fund balance for the payment of up to 12 delayed installments of home financing. Today, only three can be paid. The measure, published in the Official Gazette of the Union this Tuesday (19), will enter into force from May 2, valid until December 31, 2022.

Workers with a balance in the FGTS and real estate financing made by the SFH (Housing Financial System) can use the new option.

Created with the objective of protecting the worker dismissed without just cause, the FGTS is due to those who work with a formal contract.

At the beginning of each month, employers deposit, on behalf of employees, the amount corresponding to 8% of each employee’s salary in an account opened at Caixa Econômica Federal.

The amount can only be withdrawn in some situations, such as dismissal without just cause, retirement and for the purchase of one’s own home, construction and to reduce real estate financing values ​​(amortization). See here if you fit into 16 situations that allow FGTS withdrawal.

Use of FGTS for own home

purchase or construction

• One of the functions of FGTS money is to promote housing policies in the country
• Among the fund withdrawal rules is the guarantee that the worker can use the value for the purchase of his own home.
• For this, it is necessary to have at least three years of work under the FGTS regime, adding up consecutive periods or not, in the same or different companies.
• Cannot be the holder of other financing granted by the SFH (Housing Financial System) in the country
• Cannot be the owner, promising buyer, usufructuary, possessor or assignee of another residential property completed or under construction in the current municipality where he lives or exercises his main occupation, not even in neighboring cities and in the metropolitan region.

Amortization of installments of the home

• Those who have real estate financing can use the FGTS balance to fully pay off or amortize the debt of their own home
• It is possible to use the FGTS to reduce the value of installments by up to 80% in 12 consecutive months; for this, you need to have in the account a total amount that corresponds to these 12 months of installments
• In this case, the worker can reduce the total installments, paying the financing for fewer years, or deduct part of the monthly installment, paying a lower amount month by month.

HOW TO CHECK THE FGTS BALANCE

Personally at Caixa branches, with CPF and NIS/PIS

by cell phone in the FGTS Application

On the Internet Pelo site www.fgts.gov.br

By mail registering your full address on the FGTS website, at a Caixa branch or by phone

By SMS or email registering the cell phone and email in Caixa

More information on 0800-7260207