Both are government benefits, however, the FGTS and INSS have completely different characteristics and purposes.
Therefore, it is necessary to meet the requirements to be entitled to receive the benefits in your account, so we have prepared this short explanatory guide to show you what the differences are for each benefit.
What are FGTS and INSS?
The FGTS was developed by the Federal Government to support workers in emergency situations.
Therefore, it is necessary to respect what the CLT says, the employer must make payments into the worker's Caixa account.
It is similar to a savings account, where the balance earns interest and monetary correction. However, it is permitted to make the following types of withdrawals: partial, such as a birthday withdrawal, or full withdrawal, in the case of unfair dismissal.
Who can receive the FGTS?
As stated in the Federal Constitution, workers who are part of the category below can receive this benefit:
● Rural workers;
● Casual workers;
● Temporary workers;
● Professional athletes;
● Young apprentices;
● Domestic employees;
● Safreros (who only work during the harvest period);
● Director not employed.
Who is entitled to receive INSS?
The INSS is intended for workers who contribute to social security, contributions can be divided into rates of 7.5%, 9%, 12% and 14%, anyone who contributed to the INSS and who meets some minimum requirements can receive this benefit.
With the Pension Reform it is necessary to check what changes are approved by the Government, if necessary ask for help from a specialist lawyer, mandatory insurance is intended for: urban and rural employees, individual taxpayers, special insured, public servants, independent workers.
After 2019, we must consider the following examples below as a social security benefit:
● Retirement by age;
● Retirement based on contribution time (extinct after the pension reform in 2019);
● Retirement due to permanent disability (former disability retirement);
● Special retirement;
● Benefit for temporary incapacity (sickness benefit);
● Accident assistance;
● Maternity pay;
● Prison assistance;
● Death pension;
● Special pension (leprosy and thalidomide syndrome);
● Family salary.
With INSS payment on time, there is financial security, in case of unemployment, for example.
In addition, the worker can also request sickness benefit, this way, the FGTS and INSS deduction is directly on the employee's payroll.
For FGTS, the discount is 8% of the gross salary, the INSS discount, however, may vary depending on the worker's salary range.
When can I use the FGTS?
We can use the FGTS to pay off a debt, financing, purchase properties that comply with the Housing Financial System (SFH).
Furthermore, it is also possible to withdraw the amount in situations of public calamity. Before withdrawing it is important to check your balance on the Caixa app or go to a branch in person.
Also, read:
Who is entitled to the FGTS and how to redeem the amount?
CadÚnico: how to register, who is entitled and benefits?
FGTS and INSS can help balance your household budget, with these amounts you can also start a new venture, however, it is essential to have good financial management to avoid getting into debt.
Conclusion
Therefore, the FGTS and INSS are benefits that workers can receive, however, to find out which of these benefits you are entitled to, just consult.
Therefore, for INSS just call 135, in the case of FGTS you must contact Caixa Econômica Federal.