FGTS Council extends birthday withdrawal rule and postpones cut in advance ceiling
Workers can continue contracting the modality until 2027, while the fund's housing budget remains at R$144.5 billion, without adjustment.
BY THE X-TRADER NEWS NEWSROOM · REPORTING FROM INFOMONEY · 2 MIN
The FGTS Board of Trustees decided to extend the anniversary withdrawal transition rule, a modality that allows early withdrawals from the fund and which is also used to contract loans with financial institutions. According to InfoMoney, the approval took place on Thursday, October 29th, and postpones the cut in the advance ceiling, which would fall from five to three installments per year from November 1st.
According to the original rule, the reduction would begin at the beginning of November. With the extension, the new date becomes March 31, and workers can contract the current modality until 2027, according to the same report. The decision maintains in force, for longer, a format for accessing the balance that has costs and considerations that deserve attention.
The associated credit product charges interest of 1.8% per month and allows you to advance approximately five years of withdrawals, according to InfoMoney. The counterpart is in the dismissal: optants lose the right to withdraw the total FGTS balance upon dismissal without just cause and only receive a termination fine of 40%.
In addition to the extension, the council approved a budget of R$144.5 billion for housing in 2027, the same amount as in 2026, for a total of R$169 billion. According to the statement from the Ministry of Labor, sanitation and urban infrastructure will have R$8 billion each, and health, R$8.5 billion. In practice, the housing budget has no nominal increase compared to the current year.
What changes for the investor
For those who follow the stock market, interest rates and the dollar, the effect tends to be indirect and concentrated on family consumption. The extension keeps a line of credit available with interest of 1.8% per month, which can support demand for short-term credit. The budget without nominal increase and the loss of the total balance due to unfair dismissals are points that deserve attention from those who evaluate the trajectory of public accounts and available income. The data collected does not provide price projections or direct impact on assets, and this article does not recommend the purchase or sale of any paper.
Automatically translated from Portuguese.
