The FGTS withdrawals were announced by the Minister of Economy, Paulo Guedes, in May 2019. But do you already know how the release of withdrawals will work? The proposal is to release R$ 42 billion with FGTS withdrawals and R$21 billion with PIS-Pasep. In this article, you will better understand what the release of FGTS withdrawals is and how it works. But most importantly, you will learn what you can do to put that money to work for you. Let's talk about: What does the release of FGTS mean? How FGTS Withdrawals Will Work How to Withdraw FGTS Step by Step Where to Put FGTS Money Invest with Rico in 3 Steps Conclusion Good reading! What does the release of FGTS mean? The release of withdrawals from the FGTS ( Service Time Guarantee Fund ) is a measure that seeks to encourage the growth of the country's economy.
The principle is simple: the money that is parked in the Guarantee Fund is put back into circulation, stimulating consumption. This measure has already been used in the Temer government. Given the Brazilian economy's shrinkage of 0.2% in the first quarter of 2019 , minister Paulo Guedes announced the release of these resources. FGTS withdrawals will be limited to R$500 Brother cell phone list per account, whether active or inactive. In addition, a new type of FGTS withdrawal was also announced, valid from 2020. The birthday withdrawal will allow you to withdraw a portion of the FGTS every year. Government also released PIS/Pasesp withdrawals On August 22, 2010, the government authorized the withdrawal of shares from the Pasesp fund (public servants) for those who do not have an account at Banco do Brasil and have more than R$5,000 in the account. Money from the Pasesp fund can be withdrawn physically at Banco do Brasil branches. There is no withdrawal deadline.

The withdrawal has already been released to people who have less than R$5,000 in the fund. For those who worked in the private sector, the withdrawal is from the PIS fund, which has already had payment released to those who have a current or savings account at Caixa Econômica Federal. Anyone who is not a Caixa customer will receive it later. Money from the PIS fund can be withdrawn from lottery outlets, Caixa Aqui representatives and Caixa ATMs. Information about PIS withdrawals can be obtained on the Caixa website . The Pasesp fund withdrawal details are accessed on the Banco do Brasil website . How FGTS Withdrawals Will Work Image of the congress in BrasÃlia. It's very simple to redeem your FGTS The release of FGTS withdrawals announced by Guedes is a little different when compared to the measure used by the Temer government. The main differences are in the type of accounts covered by the release and the amount allowed per withdrawal.