Clipping of news on Brazilian Culture, Law and Citizenship
24/10/2012
This article was translated by an automatic translation system, and was therefore not reviewed by people.
The looting FGTS can be done in cases of unfair dismissal and even for real estate acquisition; check out other ways to withdraw money
SAO PAULO - The FGTS (Guarantee Fund for Time of Service) was created in the 60s to protect the worker fired without cause. However, the fund can also help workers to form a property, how to buy your own home, with funds from the linked account.
In addition, the fund may be used for settlement or repayment of debt or payment of the benefits of home financing. For this, the financing of residential property must comply with the requirements of SFH (Housing Finance System), effective at the time of signing the contract. This feature can be used for loans made at any bank.
See what situations you can use your FGST:
Besides drawing for unfair dismissal, the employee can perform the service FGTS the end of the employment contract for a definite term. Ie, that the contract of employment which has start and end date previously agreed between the employee and the employer. This type of contract is also known as temporary.
The beneficiary has the right to serve as the termination of employment occurs extinguish all or part of the company. Other forms of termination that allows the removal of background are: in case of death of the individual employer and breach of contract by mutual fault or force majeure.
The fund may also be withdrawn at retirement or in case of personal need, urgent and serious, arising from natural disaster caused by rains or floods that have hit the area of residence of the worker when the emergency or state of emergency is well recognized, by order of the Federal Government.
The employee also has the right to serve the benefit when you reach age 70 or more years.
Health
Some diseases give the employee the right to serve FGTS, including HIV - when the employee or his dependent is a carrier of the virus is allowed to serve the benefit. Just as in cases where the employee or his dependent is suffering from malignancy - cancer.
Another possibility is to rescue the benefit if the employee or his dependent is terminally ill, due to serious illness.
Exceptions
It is also permitted to serve FGTS when the deposit account without staying for 3 years in a row, whose removal has been completed by 13/07/1990. Or even when the employee remains for 03 consecutive years out of the FGTS regime, whose removal has occurred from 14/07/1990 and may serve, in this case, be made from the anniversary month of the account holder.
Construction
It is common for workers to seek Federal Savings Bank with the aim of rescuing FGTS for use in remodeling and construction. However, the benefit can not be used for this purpose.
What can be done is a financing of up to U.S. $ 20 000 with FGTS funds for renovation or expansion of residential properties and even installation of water meters and solar heating plates.
This feature does not come out of the insured's account and can be financed up to 120 months, with interest at 12% per annum. The person needs to go to a branch of Cash and show proof of ownership of the property and settlement of the area to be built.
Documents
The rules and documentation necessary to receive the benefit varies according to the situation of the worker.
To find out which documents are needed you must consult the website of Savings (http://www.caixa.gov.br/voce/fgts/como_sacar/documentacao_necessaria.asp)
Source: MSN News
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This article was translated by an automatic translation system, and was therefore not reviewed by people.