Government limits advance FGTS birthday withdrawals

infomoney.com.br (Portuguese)

The FGTS board will limit advance withdrawals of the birthday withdrawal option. Only two active operations per year will be allowed, with a maximum advance of R$500. This change restricts bank loans taken against future birthday withdrawals. The measure aims to ensure more FGTS funds remain available for housing credit, a key use of the fund. The birthday withdrawal option, created in 2019, allows annual withdrawals but forfeits the full balance upon dismissal. Advance withdrawals have totaled over R$100 billion.


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