How to cancel FGTS anniversary withdrawal is a doubt among many workers who opted for this modality and then reconsidered their choice.
After all, the anniversary withdrawal offers the possibility of withdrawing part of the FGTS balance annually, in the month of your birthday, but this can lead to regrets depending on each person's financial circumstances.
So, come with us to understand more about How to cancel FGTS anniversary withdrawal.
How does the FGTS anniversary withdrawal work?
The anniversary withdrawal is a method that allows workers to withdraw part of the balance in their FGTS account annually in the month of their birthday.
This alternative was created to offer greater flexibility, allowing access to a fraction of the accumulated amounts without having to be fired. The withdrawal can be made in the month of your birthday and is available for three months.
Advantages and disadvantages of anniversary withdrawal
Before we explain How to cancel the FGTS anniversary withdrawal, it is important to understand the advantages and disadvantages of this modality.
Among the advantages is the possibility of anticipating the anniversary withdrawal amounts. The worker can anticipate the installments of future years, using the balance to obtain loans, even if they have restrictions on their name.
However, the main disadvantage is that, by joining the anniversary withdrawal, the worker is unable to withdraw the full FGTS balance in the event of unfair dismissal.
Although you will continue to receive the 40% fine, the full balance will only be available again after the withdrawal-termination is reactivated, which can take up to 25 months after the request to cancel the modality.
Step by Step: How to cancel the FGTS anniversary withdrawal
If you regret having opted for the anniversary withdrawal and want to return to the traditional termination withdrawal method, see the step-by-step guide How to cancel the FGTS anniversary withdrawal:
- Access to the FGTS Application: To start the cancellation process, you must access the FGTS application, available for free download on smartphones Android and iOS. When entering the application, log in using your registration data;
- Select the correct modality: After logging in, you must click on the “Withdrawal-Anniversary” option within the application menu. Then, select the “Withdrawal-Termination Modality” option to begin the process of changing the modality;
- Confirmation of change: The application will inform you that the return to the severance pay will only be effective 25 months after the request. This means that if you are fired during this period, you will not be able to withdraw the full balance immediately. If you agree with the terms, click “Yes” to confirm the change;
- Monitoring via the app: There you go! Now you know How to cancel the FGTS anniversary withdrawal. The application allows you to track the history of the change of modality and keep an eye on the 25-month grace period.
What happens if I am fired during the grace period?
So, a common question is what happens if the worker is dismissed without just cause after having canceled the anniversary withdrawal, but is still within the 25-month grace period for resuming the termination withdrawal.
In this situation, the worker will not be able to withdraw the full balance from his/her FGTS account, as the change will not yet have been finalized.
However, it is important to remember that the 40% termination fine on the FGTS balance will be paid normally, without any losses. Even without access to the full balance, the amount of the fine remains a guaranteed right.