Today we will try to find out how you can cash out maternity capital in Russia. How real is this task? Is it legal? How to get mothercapital in one case or another? As practice shows, today registration of state support does not cause any trouble. Getting funds from capital to hand is a more difficult task.
Program description
Is it possible to cash out maternity capital? First of all, we’ll figure out what kind of payment we are talking about.
Matkapital - funds allocated to all families of the Russian Federation, in which they bring up 2 or more children. It doesn’t matter, family or adopted. All children will be counted.
In Russia, until 2020, the amount of state support in this form implies the issuance of a family of 453,026 rubles. This is the amount you can spend.
Is it possible to cash out maternity capital? The main problem is that state support is presented with a certificate of the established form. To use the money issued, citizens must contact the FIU. After that, the state body will carry out a transaction on certain operations. No funds will be issued on hand.
Is cash receipt legal?
It follows that a person will be given the indicated amount of funds, but they will have to dispose of them only by bank transfer. And through pension funds. Under no circumstances do they give out cash.
There is no legal way to cash out maternity capital. Only if you mean investing on a certificate in some purchases.
Important: any offers to issue cash on cash in cash are illegal. This is a fraud or a direct deception of gullible citizens.
One-time payments
But there is one exception. We are talking about issuing lump sum payments from the funds of a certificate issued by the FIU.
For example, once it was possible to get on hands 20-25 thousand rubles from the funds of the mother’s capital. But at the moment there is no news about lump sum payments in 2018. Therefore, you should not rely on them.
Perhaps this is the only legal and simple way to get money on a certificate on hand. But the full amount of funds will not work. This is a requirement of applicable laws.
What you can not spend on
How can I cash out maternity capital? It is important to understand that the funds for this certificate are offered only for certain needs. And therefore, it is far from always possible to spend the money allocated by the state.
It is safe to say that the capital is not allowed to go on:
- treatment of family members;
- purchase of movable property (e.g. car);
- repair in the apartment in which the family lives;
- daily needs.
But how then to use state support? And how to do this in a particular case?
Building a house
It is allowed to cash out maternity capital only in terms of using the certificate in certain areas. Money will not be issued into the hands. And this fact is worth considering.
The first direction in which it is allowed to "work" is the construction of a house for the money under the certificate. To cope with the task, you have to prove that the family is currently engaged in reconstruction or is building housing from scratch, having done some work.
Is it possible to cash out maternity capital? To use it for building a house, you must:
- Write a statement of the established form.
- To prepare a number of documents. We will review their list later.
- Submit a request to the FIU.
Now it remains only to wait. If everything is normal with the package of papers, the Pension Fund will give out funds for construction or reconstruction. After that, you can’t apply for money within 6 months.
As soon as six months have passed since applying to the FIU, you need to reappear here and present certain papers. Only under such circumstances will it be possible to bring the idea to life.
Documents for FIUs after approval
As already mentioned, the studied procedures are accompanied by considerable paperwork. And therefore, it is worthwhile to understand what papers to prepare in a particular case.
At the moment, in the FIU, after receiving money for housing construction, citizens must bring:
- passports of parents;
- marriage / divorce certificate;
- any certificates indicating the fact of reconstruction or construction;
- details of the account to which the FIU transfers money.
This will be enough. It would seem that there is not much documentation. But in real life you will have to visit many instances to collect them. Especially when it comes to documentation indicating construction / reconstruction.
Mortgage
How can I cash out maternity capital? This state support is not issued in cash. Allowed to receive a small one-time payment, but no more.
The next way to use the funds allocated by the state is to take a mortgage. You won’t have to wait until the child is three years old.
To date, it is allowed:
- repayment of existing mortgage debt;
- taking a mortgage "from scratch" under the capital.
However, some citizens may be denied a service. In order to easily take a mortgage and bring in capital, you must:
- have a clean credit history;
- ideally, there should be no large loans at the time of the request;
- have an official place of employment with decent income (applies to the borrower);
- after buying a home for six months, parents undertake to allocate shares in the property to the children.
In reality, everything is not as difficult as it seems. Especially if you choose a good bank and prepare in advance for the process.
Construction and repair services
As we have said, families can spend money on a mother’s certificate for the construction or reconstruction of housing. Until recently, I had to deal with these operations on my own.
Where to cash maternity capital and how to do it in 2018? By contacting the FIU, citizens can pay for the services of builders and repairmen. The listed professionals will need to carry out reconstruction or construction of housing. If there are appropriate confirmations, the funds allocated by the state can be sent in the indicated direction.
Reconstruction nuances
A few words about the reconstruction. This is a good answer to the question of how to legally withdraw maternity capital. But there are a number of nuances that can interfere with the idea.
The thing is that only real estate owned by all family members is subject to reconstruction by certificate. Otherwise, the applicants will be denied the appropriate service.
So, if the family lives in the house of the mother or father, it will not work to reconstruct the corresponding property.
Share building
But that is not all. Maternity capital is legally offered to be cashed by participating in shared construction. Thus, the family purchases housing for themselves and their children, which has not yet been commissioned.
A similar scenario in real life is not too common. But for its implementation it is necessary to prove the fact of participation in shared construction.
Important: it is recommended that you do not invest according to the state certificate in your newly started dwelling. It is advisable to deposit money closer to the operation of the property.
It is worth paying attention to one more nuance: after citizens send the funds of the capital to the “replenishment”, they will have to obligatorily allocate ownership shares to the children. Otherwise, the use of public money will be considered illegal. Citizens will be required to allocate shares in the apartment / house through the courts.
Pension and certificates
If a person thinks "I will quickly cash out maternity capital," he rarely thinks about how legal this is. In real life, there are a number of situations that allow you to use money.
For example, the recipient of the certificate has the right to send them for future retirement. The corresponding right is offered mainly to women.
By contacting the FIU, a citizen can apply for the determination of the funds of the capital in the funded part of the pension. This is not the most common scenario. According to statistics, only 2% of recipients send funds for future retirement.
Treatment and rehabilitation
Want to cash in maternity capital? Cash cannot be received. Although the law provides for exceptional cases.
Thus, recipients of relevant state assistance have the right to use the money in favor of children. More precisely, to treat or rehabilitate them.
Today, families are encouraged to purchase medicines as well as medical devices for children. As already mentioned, personal treatment cannot be paid.
In all these cases, families have to apply to the FIU with a statement and a package of documents. If citizens can confirm the relevant costs, they will be allocated one or another amount of money. Such processes do not cause any difficulties. Unless regarding the collection of a package of papers.
Education and study
It is proposed to cash out maternity capital in another way. How exactly? Allow funds for a certificate for children's education.
Usually in this situation you have to wait for the triennium of minors. Money issued by state aid allows you to pay:
- gardens;
- Circles
- sections;
- private schools.
Nevertheless, this is far from the most common option. After all, all these services do not take so much money. And spending the capital on them is not entirely logical.
Collection of papers for the FIU
We considered all possible methods of spending funds on a mother’s capital certificate. And what papers are useful for the implementation of the task?
A package of securities depends on the way you use the funds. Most often they ask from citizens:
- passports
- birth certificates of children;
- receipts and receipts confirming expenses;
- service contracts;
- certificates of ownership / participation in shared construction;
- details of the account from which expenses will be incurred;
- certificates and directions from doctors;
- extracts from educational institutions.
As the rules show, at the moment collecting relevant documentation is a lot of trouble. The bulk of the papers of the applicants at the time of applying to the FIU already exists.
Banks providing services
It is important to find out what are the banks that cash maternity capital. After all, you can only use funds for issued certificates at certain financial companies. Especially when it comes to mortgages.
Currently, the leaders in working with mother certificates are:
- "VTB 24".
- Sberbank
- "Bank of Moscow".
- DeltaCredit.
- Unicredit.
- "Alfa Bank".
- "Opening".
- "Absolut Bank".
- Promsotsbank.
Where exactly to apply? Each potential applicant should study the programs offered by a particular financial company. And after that, choose an organization for further cooperation.
Get money on hand
You can cash out maternal capital in real life. Especially if initially the citizens decided to invest in real estate. For example, in a mortgage or in building a house.
To receive funds in cash, the family will have to:
- Buy or build housing. Invest in it according to the state certificate of the mother.
- Sell the acquired property. To do this is problematic if you do not prepare in advance. For example, you need to get permission from the guardianship authorities.
- Get money for the deal.
Perhaps this is the only real way to receive money from maternity capital in the form of cash. This is a rather troublesome task, but if you want to cash out, you can use it.
Getting mothercapital
A few words about how to issue a certificate of an established form. In order to cope with the task, you must contact the FIU at the place of registration of the family.
You need to have:
- passports of parents;
- marriage / divorce / birth certificates of children;
- SNILs of all participants of the parties;
- adoption documents;
- certificates with registration of all family members.
After that, you can apply to the FIU and wait for the satisfaction of the application.