Anyone who has worke with a formal contract knows well. Every month, when you receive your salary, a document comes with it with a large number of discounts and benefits. One of them is the so-calle Length of Service Guarantee Fund, the famous FGTS. Find out what It is this value that will guarantee, in extreme cases, that you have a financial reserve to use. The amount deposited the employer is 8% of the gross salary. All amounts are deposite into a Caixa “account”, in which the deposits made all the companies in which you have worke and are registere in your portfolio are store. However, the FGTS, as it is a benefit, needs certain rules to be use. In this case, its limitations are due to the occasions in which it is possible to rescue it.
You must experience one of the following situations
Dismissal without just cause; – employment contract with a formal contract that ends after a specifie period; – retirement; – complete extinction Israel Email List of the company; – termination of the contract due to mutual fault or force majeure; – personal needs linke to extreme cases, such as natural disasters or epidemics; – suspension of casual work; – death of the taxpayer (worker); – worker over 70 years of age; – contributor or dependent with HIV, cancer or any serious illness that leads to a terminal condition; – FGTS without deposit for three years. In addition to these, a reason that deserves special attention is that involving the purchase or liquidation of real estate assets.
Do you want to buy a property?
Yes, you can use your FGTS! It can be withdrawn to purchase your own home. Amortization or settlement through financing or if the Switzerland Email List installment needs to be paid later. Can any taxpayer obtain FGTS to purchase property? The answer is no. In order for the worker to be able to use the money acquire through FGTS deposits to purchase his property. He must, in addition to the conditions above, meet a few more. Work or live in the municipality where the property to be purchase is locate; – have an active employment contract in an account linke to the benefit at the time of granting the financing or have 10% of the value of the property in inactive accounts.
