The state support program for families with two or more children, known as “maternity capital”, came into force in 2007. The right to receive funds from the state arises only once, regardless of the number of children in the family. The purposes for which maternity capital can be spent are defined by law; receiving funds “on hand” is not supposed. The amount of payment for the period 2015-2016 amounted to more than 450 thousand rubles. It was initially assumed that this form of state support would be valid until December 31, 2016. But due to the popularity of the “maternity capital” program, the extension was decided to be implemented until 2018.
Who is eligible to receive a family certificate?
State support is given to those families in which the second child was born or was officially adopted (if after the birth of the second child, an application for support was not submitted, then after the birth of the third and subsequent children this payment can also be received).
A certificate for state support is issued at the representative office of the RF Pension Fund at the place of residence.
When can I apply for maternity capital?
The term for contacting the appropriate department after the birth of a child is not limited. Which means that you can get a certificate after a time after the second (third, fourth, etc.) child appeared in the family. The only condition is the duration of the program. Due to the fact that the parliamentarians of our country have resolved the issue that the extension of maternity capital is necessary, the term of appeal for state. support increased. However, restrictions are set for the period after which it is possible to transfer the allocated funds for the necessary needs. You can use the money after the second child is 3 years old.
Is it possible to use certificate tools before 3 years?
It is possible to dispose of funds under the program of maternity capital ahead of schedule, in case it is necessary to obtain a loan for the purchase of residential real estate and use the money as a down payment. In the presence of a valid loan, support funds can be spent to transfer to repay the debt. An important point is that payment is made only on the sum of the principal debt and accrued interest, which means that payment of late interest and forfeit in favor of a credit institution falls on the shoulders of the borrowers.
What else do you need to know?
A lost certificate can be restored. To do this, you should visit the branch of the Pension Fund of the Russian Federation at the place of residence and draw up an appropriate application for the issuance of a duplicate of the document.
The standard income tax for individuals does not apply to maternity capital.
Premature Expiration
A certificate for receiving state support funds can be terminated only in established cases, namely: the death of the certificate holder, the abolition of parental rights for the child, after the birth of which the right to receive support from the state has come (similarly as with the cancellation of adoption).
Duration of the Maternity Capital program
As already mentioned, the period during which the above form of support is valid should have expired at the end of December 2016. However, due to the need to provide support to families with two or more children and maintain a demographic situation, a decision was made to increase the payment period for the Maternity Capital program. The extension, according to the updated legislation, was adopted until the end of 2018.
As for the size of the payment, it, as in previous periods, will be indexed. The exact amount of the program "maternity capital", the extension of which took place in 2016, starting in January 2017, has not yet been determined. At the moment, only interest is known that can be applied to the current rate for future periods of 6% and 5.1%. At the same time, there is a risk that the increase in the amount of payment will not take place at all due to the difficult economic situation. Indeed, the popularity of the program to allocate funds for families with two or more children is growing every year, which means the need to increase government spending on maternity capital.
Many parents who are still planning the birth of their second child are wondering if it is planned to extend the maternity capital? What will happen to this state program after its expiration is unknown. One of several options is possible: the program will be terminated (for example, due to the fulfillment of the intended goals, lack of funds for payments, low efficiency, etc.), the term for extending the maternity capital will be increased, and the conditions for using the allocated funds will be changed. Although this issue has already been raised in parliament. It was planned not only to increase the term, but also the amount of the certificate “Maternity Capital”. The extension of the program until 2025, as was on the agenda, was considered premature.
How can a certificate be used?
In accordance with current regulations, there are several areas in which maternity capital funds can be transferred .
1. Improving the living conditions of the family. This direction is in greatest demand, since the issue of housing conditions is always relevant. A large number of families use the Maternity Capital program to improve their living conditions. Renewals are largely due to this popularity. It is understood that housing improvements may be related to:
• with the purchase of residential real estate on account of funds received under a formal agreement from a banking or other credit institution.
• with the need for restoration work in a private house.
In the first case, the right to use the funds allocated by the state comes before the child's three-year-old age, that is, ahead of schedule. In this case, the funds under the certificate can be sent to the account of a bank or other credit organization as a first installment on a loan or to reduce the amount of debt on a previously issued loan.
2. Formation of the funded part of mother's pension payments (in a management company or in a non-state pension fund). This direction of use of funds is preferred much less frequently than other options.
3. Compensation of the cost of services and goods that were purchased for social adaptation in the society of children with disabilities. The list of goods and services, the costs of which can be returned to parents, is specifically defined by law (you can familiarize yourself with it at the representative office of the pension fund or by visiting the official Internet resource of this department). Compensation for the cost of medical services and events is not implied.
4. Payment for the child’s education in preschool educational institutions, general educational institutions, colleges, institutes and other educational institutions that are entitled to provide relevant services to the population. You can transfer funds for educational services for one child, or for several children, in full or in part. An important nuance is the age of the child: you can pay for education by maternity capital for children who have not reached the age of twenty-five.
Conclusion
A family certificate enables families to take a better approach to the upbringing and development of children, covering all the most necessary and expensive areas of life. In connection with the popularity of this state support, a law on the extension of maternity capital was adopted, which will work until the end of 2018.