What was the FGTS profit for 2021? The estimated value is R$ 7.3 billion.
With the increase in unemployment during the coronavirus pandemic, the profit of the FGTS (Severance Pay Guarantee Fund) is expected to be lower in 2021. According to the presented budget, the forecast is that the return will reach R$7.3 billion this year. For the following years, the estimate points to R$7.7 billion in 2022, and R$7.6 billion in 2023.
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"These estimates are conservative, and the result could improve with increased job creation. This will depend on the pace of economic recovery. I believe profits could increase in the coming years," stated an advisor to the Fund.
Compared to 2019, when the pandemic did not exist, the FGTS It had a net profit of R$ 11.3 billion. Of this total, R$ 7.5 billion was distributed to contributing workers in August of last year. Approximately 167 million benefited.
Regarding the 2021 transfer, which takes into account the 2020 earnings, the deposits should amount to R$ 6.9 billion.
It is worth remembering that the distribution of funds should occur from the second half of the year, automatically in each FGTS account, according to the balance available in the fund on December 31 of last year.
Where does the FGTS profit come from?
The accumulated FGTS (Brazilian Severance Indemnity Fund) balances of all workers are used by the Federal Government as a source of funding for urban development programs, including:
- Low-cost housing;
- Infrastructure works;
- Basic sanitation.
In exchange for the loan, interest is charged, which is also known as profit.
Managing FGTS (Brazilian Severance Indemnity Fund) resources for financing allows for profit generation. In 2019, for example, the gains totaled R$11.3 billion. However, the government chose to distribute only a portion to workers, amounting to R$7.5 billion.
Will those who withdrew from their FGTS (Brazilian severance pay fund) receive it?
It depends on how much was withdrawn. Those who made withdrawals, regardless of the reason, whether for the purchase of their own home or in case of dismissal without just cause, for example, after the closing period, will receive the FGTS profit.
However, withdrawals made before the Fund's annual balance sheet may result in smaller amounts.
How to withdraw?
The FGTS balance, including any profits from it, can only be withdrawn according to the normal FGTS withdrawal conditions established by law, such as dismissal without just cause, retirement, serious illness, among others.
What value?
The amount of the payments varies according to the balance available in the Guarantee Fund on December 31st of the previous year. The payment is proportional to the balance.
