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Understand the advantages and benefits of changing the FGTS
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The Federal Supreme Court decided, this Wednesday (12), to change the remuneration formula of the Length of Service Guarantee Fund (FGTS) and compared to the year 2023 the growth is 54%. The new change to the FGTS brings advantages to the real estate and consortium sectors.

Main beneficiaries

In order to assess compliance with the inflation target, the STF defined that FGTS investments must be corrected as used by the Central Bank (BC), through the variation of the Broad National Consumer Price Index (IPCA).

As the FGTS is widely used to acquire a first property, with the change the real estate sector will greatly benefit. “the decision took into account the importance of housing and sought to preserve the fund's capacity for investment in housing, sanitation and infrastructure”said Luiz França, president of the Brazilian Association of Real Estate Developers (ABRAINC).

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Report on changes to the FGTS (Video: reproduction/Youtube/Record News)


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According to information from the Brazilian Association of Consortium Administrators (ABAC), their total or partial FGTS balances were used by the 4,220 consortium members, leading to a turnover of R$83.1 million in the first four months of 2024. Comparing with the same period of the year 2023 with R$57.9 million, there was a growth of 54%. In 2023, 791 consortium members applied to the FGTS.

The proposal for the reformulation was made in 2014 by the Solidarity Party to the STF, and the main argument was that the reference rate does not keep up with inflation variations, thus causing a loss of purchasing power for workers in the long term. The use of income from savings accounts was the proposal in the decision by the party. And the case began to be analyzed in April 2023.

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Savings x FGTS

The decision defeated the proposal that guaranteed remuneration comparable to that of a savings account, and consequently would lead to an unsustainable fund. In four years, equating the remuneration of the FGTS with that of savings would cost the Federal Government R$8.6 million, according to calculations by the Ministry of Finance.

Regarding the housing financing interest rate, for family incomes of up to R$2,000, it was stated by the government that there would be an increase of 2.75% in the financing interest rate. For now, there is no way to predict how much increase the FGTS will have, but based on the last 5 years it is already known that there will be greater profitability.

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Featured photo: physical work cards (Reproduction/Pinterest/@f5cariri)

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Understand the advantages and benefits of changing the FGTS

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Understand the advantages and benefits of changing the FGTS

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