FGTS Council Imposes Strict Limits on Saque-Aniversário Advances

Overview

• New rules cap advances at R$100–R$500 per annual parcel, allow only one advance contract per year, and require a 90‑day wait after opting into saque‑aniversário.
• The transition allows up to five parcels to be advanced within the first 12 months; thereafter the cap falls to three parcels tied to three years of withdrawals.
• The changes take effect once Caixa adapts its systems, with a final implementation deadline of November 1, 2025.
• The Labor Ministry estimates R$84.6–86 billion will remain with workers’ FGTS accounts by 2030, with the government aiming to flip today’s bank‑heavy allocation toward workers.
• The Council also heard a proposal to let workers use up to 10% of FGTS balances as collateral for private‑sector payroll loans, which remains under review by the worker credit committee.