Maternal capital is material support from the state for families with two or more children. Since 2007, it has been issued in the form of a certificate and has a special purpose. That is, formally, it is impossible to use money at personal discretion. Accordingly, many parents have a question: "What can you spend maternity capital on?"
What it is
First of all, this is material support from the state for a family with two or more children. It is issued in the form of a certificate, it can be implemented only for specific purposes, more on that below.
The program entered into force on January 1, 2007, and its end date is set for December 2016, although a decision is being considered to extend it until 2025. In 2015, the amount of maternity capital amounted to 453,026 rubles, and in 2016 it was not indexed.
So, despite the fact that the certificate is issued only to those parents who have two or more children, it does not belong to a specific child, but is a family one. That is, it should be used, taking into account the interests of the whole family.
Who is eligible for the certificate?
Next, you should consider how to get and spend maternal family capital and who is entitled to it. The recipient of the certificate can only be a citizen of the Russian Federation or a person with dual citizenship and living abroad.
So, the certificate can be issued by a mother who has a second or third child since January 2007, as well as a father in the absence of a mother, for example, due to death, due to loss of legal capacity or deprivation of parental rights. The certificate can be issued by a minor child or a full-time student teenager, a young person under the age of 23 years, if state support measures are terminated for his parents.
Certificate issuance
Before determining where to spend maternity capital, you need to get it in the territorial representation of the Pension Fund of the Russian Federation. To do this, prepare a package of documents:
- passport or other identification document of the applicant;
- birth certificates, adoption of all children;
- SNILS of the applicant and children;
- proof of citizenship;
- statement.
Documents should be sent for consideration at the place of residence or stay. The term for their consideration is 1 month after adoption. The Pension Fund shall notify the applicant of the decision by registered letter. Then you should come to the territorial office and get a certificate.
Intended use
Now it should be indicated for what purposes it is possible to spend maternity capital. Funds allocated by the state can be spent on:
- The purchase or construction of a dwelling, the repayment of a housing loan, as a down payment for the purchase of housing on a mortgage.
- To educate children in state and non-state but state- accredited educational institutions.
- For the funded part of the retirement pension, both in the state pension fund and in the non-state.
To date, nothing has changed, and this list (what you can spend maternity capital on) remains relevant.
How to implement a certificate to improve housing conditions
It is worth considering carefully how you can spend maternity capital on improving the living conditions of the family. Firstly, there is a rule that you can only realize funds when the baby is three years old. Secondly, the interests of all family members must be taken into account.
You can start spending maternity capital in order to improve housing conditions:
- For the purchase of an apartment, house or other premises recognized as residential, respectively, country houses cannot be purchased.
- At the initial installment for a mortgage loan to purchase a home.
- To repay a mortgage or other housing loan. You can pay off as debt or mortgage interest.
- To invest in shared construction of a residential building. That is, you can buy an apartment in a house under construction.
- For the reconstruction of a house, for example, to increase the area of a private house, the construction of an extension or an attic.
- For the construction of a private house.
In the latter version, there are several nuances. Firstly, the house must be residential and suitable for living in it all year round. Secondly, when buying a house on a land plot, the contract of sale for housing and land must be executed separately, because only a dwelling can be paid for with the certificate. And finally, the family can carry out construction work at their own expense, while retaining all payment documents, and after 3 years to submit an application for compensation of costs.
What documents to prepare for using a certificate for improving housing conditions
It is necessary to prepare the relevant documents and contact the Pension Fund branch at the place of residence. List of required documents:
- passport and registration of the certificate holder;
- certificate;
- statement;
- SNILS;
- a notarized written obligation to register ownership of all constructed or purchased housing for all family members.
Next, you need to provide a contract with a credit institution for the provision of a housing loan or an extract from the bank about the balance of the main debt and interest on the mortgage, a contract of sale for a house or apartment, a permit for the construction or reconstruction of a residential building.
How to spend maternity capital on studying at a university
Due to the fact that education at universities is quite expensive today, maternal capital can be implemented for these purposes. What you can spend money on:
- to study at universities located in the Russian Federation;
- to receive education at an educational institution, which must be accredited;
- to educate a child if he is under 25 years old.
You can pay for your studies in full or partially spend money. It doesn’t matter which child will be educated - first, second or third.
What documents are needed to spend maternal capital on training
In addition to the applicant’s passport, certificate, SNILS and application, you need the original contract with the educational institution on the provision of services on a commercial basis and a copy of the university’s accreditation certificate. In addition, with the help of maternity capital, you can pay not only for training, but also for living in a hostel, for this you need a contract for the rental of housing.
If the student was expelled from the educational institution, then you need to apply to the Pension Fund in order to withdraw the funds and return them to the certificate account. The rest of the funds can be spent in the future for the purposes provided by law.
How to spend maternity capital funds on the funded part of the pension
It is worth noting that this is a lesser polarity way of selling funds from maternal capital. Less than 1% of certificate holders use it. Nevertheless, mom can transfer funds to the funded part of the retirement pension account. Moreover, the transfer can be carried out both in the state pension fund and in non-state.
In any case, if a woman wrote a statement and transferred the money to the account of the funded part of her retirement pension, she can change her mind and redirect funds to other goals at any time. In the event that a woman did not live to retirement, then close relatives, that is, her husband and children, will inherit the funds of maternity capital.
Is it possible to spend money on a car
Many families are interested in this issue: is it possible to spend maternity capital on buying a car. Unfortunately, you cannot buy a car with these funds, although the issue was repeatedly discussed in the State Duma, but the bill was rejected.
Although for many families, buying a car would make their life easier. But at the same time, it is being questioned how the interests of children will be taken into account. Firstly, a purchased car can be sold and thus receive cash from maternity capital. Secondly, the period of housing depreciation is quite long, which cannot be said about the vehicle; accordingly, it is impractical to spend money on its purchase from maternity capital.
On the other hand, some families have their own housing and they do not need funds to purchase it. To spend money on educating children or transferring them into the account of a mother’s future pension is a rather vague and long-term prospect. Therefore, for them, buying a car would be an ideal option. But the list of what maternity capital can be spent on has not changed.
Can I get cash
This question must have been asked by every certificate holder. That is, is it possible to receive money in exchange for a certificate for maternity capital. For what it is possible to spend the allocated funds under the law, it is already known, but not every family needs such support, which can not be said about the "living" money.
It is impossible to get money unequivocally, that is, legislation does not provide for the issuance of cash to certificate holders. There is only one exception when the family made the construction or reconstruction of housing at their own expense. In all other cases, the money is transferred to the account of construction organizations, sellers or banks in which the certificate holder issued a housing loan.
Responsibility for misuse of funds
Receiving cash from maternity capital is regarded as theft of state property. Therefore, you need to think carefully before deciding how to spend maternity capital contrary to the laws of our country.
In addition, persons who directly participated in the implementation of the fraudulent scheme are criminally liable for the crime. For example, if the money was cashed by a construction company or a relative of the owner of the certificate, then they are accomplices.
It is worth noting that government bodies carefully monitor the use of funds from the state budget. Therefore, the implementation of maternity capital is not so simple.
This, perhaps, is all that maternity capital can be spent on. No changes are expected in the near future.