Agência Brasil explains how to calculate FGTS profit distribution

The reference value corresponds to the balance of each account on December 31, 2022. Those who have more than one account will receive credit in all of them, respecting the proportionality of the balance.

To find out the portion of the profit that will be deposited, the worker must multiply the balance of each account in his name on December 31 of last year by 0.02461511. This factor means that, in practice, for every BRL 1,000 in balance, the shareholder will receive BRL 24.61. Those who had BRL 2,000 will have a credit of BRL 49.23, with the value rising to BRL 123.08 for those who had BRL 5,000 at the end of 2022.

The percentage of profit that would be passed on to workers was defined today by the Board of Trustees and is equivalent to 99% of the profit of R$ 12.848 billion obtained by the FGTS last year. Profit distribution will raise the FGTS yield this year to 7.09%, higher than the official inflation of 5.79% according to the Extended National Consumer Price Index (IPCA) in 2022.

The situation is quite different from last year. In 2022, the FGTS had yielded 5.83%, against official inflation of 10.06% in 2021.

Even gaining from inflation, the FGTS yielded less than the savings account. Last year, savings yielded 7.89%, influenced by the Selic rate (basic interest rate). When basic interest rates are above 8.5% per year, savings accounts yield 0.5% per month (6.17% per year) plus the Referential Rate (TR).

By law, the FGTS yields 3% per year plus the reference rate (TR) and profit distribution. As the TR is at 0.215% per month (2.61% per year), the minimum yield corresponds to 5.6% per year. With the distribution of profits, the remuneration of the Fundo de Garantia rises to 7.09%.

How to check the balance

To check the balance of the Guarantee Fund, the worker must consult the fund statement, in the FGTS application, from Caixa Econômica Federal. Until last year, the bank offered the option of querying the site of the institution, but all the electronic service related to the FGTS was migrated exclusively to the application, available for smartphones e tablets of Android and iOS systems.

Those who cannot make the consultation online should go to any Caixa agency and ask for the statement at the service counter. The bank also sends the FGTS statement on paper every two months, to the registered address. Those who have changed residence should look for a Caixa agency or call the number 0800-726-0101 and inform the new address.

The money will be deposited by August 31st. The reference value corresponds to the balance of each account on December 31, 2022. Those who have more than one account will receive credit in all of them, respecting the proportionality of the balance.