The anniversary withdrawal from the Severance Indemnity Fund (FGTS) does not represent a risk for the financing of housing projects by the FGTS, according to an assessment made by Inter in a report released this Monday (6).
According to Inter, with the recovery of the labor market from 2021 and faster growth in formal job creation, FGTS collection has been surpassing redemptions.
“According to data from Caged (General Register of Employed and Unemployed), 4.8 million new formal jobs were created between 2021 and 2022, which has been generating a positive result for the fund. Therefore, the birthday withdrawal does not represent a risk for the financing of projects by the FGTS”.
In addition, the institution points out that the withdrawal modality contributed to complement the families’ income and that the release, even if partial of the FGTS, is also an option for investment at the most attractive rate of return, as well as financing at lower interest rates.
“The growth in membership shows that the worker identified these benefits and, at the same time, the impact on the fund was not significant”, says Inter.
The FGTS income is still considered low by Inter, when compared to the Selic. In addition to the fixed remuneration of 3% per year plus the TR variation, the FGTS now includes profit distribution as of 2017.
Even so, the fund’s profitability is tied with inflation and loses to the Selic in the accumulated of the last 5 years. In the accumulated between 2017, the FGTS had a yield of 38%, against 50% of the Selic in the period.
“Considering the scenario of inflation and higher Selic for the coming years, it will be even more advantageous for the worker to withdraw funds and invest in other instruments, such as the Selic treasury, or the IPCA+ treasury, for example”, considers the report.
birthday withdrawal
The birthday withdrawal was created in December 2020, providing workers with the option to receive annually, in the month of their birthday, part of the balance available in the fund.
The birthday withdrawal is optional. For the taxpayer who does not make the withdrawal, nothing changes and he can still do so in the termination withdrawal modality and in other situations provided for in the FGTS rules.
In the birthday-withdrawal option, in case the worker is fired, he can withdraw the amount referring to the termination fine, but he will not be able to withdraw the remaining balance. The worker can also return to the withdrawal option after 24 months.
Source: CNN Brasil
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