What can you spend on maternity capital? Using maternity capital

Maternity capital is the material support from the state for families with two or more children. Since 2007, it is issued in the form of a certificate and has a designated purpose. That is, formally money can not be used at personal discretion. Accordingly, many parents have the question: "What can you spend on maternity capital?".

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 realized only for specific purposes, about this below.

The program entered into force on January 1, 2007, and the deadline for its completion is December 2016, although the decision to extend it until 2025 is being considered. In 2015, the amount of maternity capital was 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 has the right to a certificate

Next, consider how to get and spend the mother's family capital and who has the right to it. The recipient of the certificate can only be a citizen of the Russian Federation or a person who has dual citizenship and resides 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 to a minor child or a full-time student, a young person under the age of 23, if state support measures are terminated with respect to his parents.

Registration of the certificate

Before determining where to spend maternity capital, you need to register it with the territorial office of the Pension Fund of the Russian Federation. To do this, prepare a package of documents:

• Passport or other document proving the identity of the applicant;
• Birth certificates, adoption of all children;
• SNILS applicant and children;
• Document proving citizenship;
• statement.

Documents should be sent for consideration at the place of residence or stay. The period of their consideration is 1 month after the adoption. The Pension Fund notifies the applicant of the decision taken by registered mail. After that, you should go to the territorial office and get a certificate.

Intended use

Now it is necessary to designate, for what purposes it is possible to spend the parent capital. Funds allocated by the state can be spent on:

• Purchase or construction of a dwelling, repayment of a housing loan, as an initial installment to purchase a home for a mortgage.
• On the education of children in state and non-state, but passed state accreditation of educational institutions.
• On the funded part of the labor pension, both in the State Pension Fund and in the non-state pension.

To date, nothing has changed, and this list (on which you can spend your maternity capital) remains relevant.

How to implement a certificate for improving housing conditions

It is worthwhile to carefully consider how it is possible to spend the maternity capital on improving the living conditions of the family. First, there is a rule that it is possible to realize the means only when the baby is three years old. Secondly, the interests of all family members should be taken into account.

What can you spend maternity capital with in order to improve housing conditions:

• For the purchase of an apartment, house or other premises recognized as residential, respectively, country houses can not be purchased.
• On the initial payment for registration of a mortgage for the purchase of housing.
• To pay off a mortgage or other housing loan. You can pay off as debt or interest on a mortgage.
• To invest in the shared construction of a residential building. That is, you can buy an apartment in a newly built house.
• For the reconstruction of the house, for example, to increase the area of a private house, erection of an extension or an attic.
• For the construction of a private house.

In the latter version there are several nuances. First, 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 and purchase for housing and land must be formalized separately, since only a dwelling can be paid for through a certificate. And finally, the family can make construction work at its own expense, while retaining all payment documents, and after 3 years to file an application for compensation of costs.

What documents should be prepared to use the certificate for improving housing conditions?

It is necessary to prepare the relevant documents and apply to the Pension Fund Department at the place of residence. List of required documents:

• Passport and residence permit of the certificate holder;
• certificate;
• statement;
• SNILS;
• A written undertaking, notarized, about the registration of the constructed or purchased housing in the ownership of all members of the family.

Next, you need to provide an agreement with a lending institution for the provision of a housing loan or an extract from the bank about the balance of the principal and interest on the mortgage, a contract of sale or purchase for a house or apartment, a permit for the construction or reconstruction of an apartment building.

How to spend maternity capital on university education

In connection with the fact that education and higher education today is quite expensive, it is possible to realize maternity capital for this purpose. What you can spend money on:

• For training in higher education institutions located on the territory of the Russian Federation;
• To receive education in an educational institution, which must be accredited;
• On the education of a child, if he was not 25 years old.

You can pay for studies in full or spend money in part. It does not matter which child will be trained - the first, second or third.

What documents are needed to spend the maternal captal for training

In addition to the applicant's passport, certificate, SNILS and the application, the original contract with the educational institution for the provision of services on a commercial basis and a copy of the certificate of university accreditation are needed. In addition, with the help of maternity capital, you can pay not only tuition, but also accommodation in a dormitory, for this you need a contract for hiring a dwelling.

If a student is expelled from an educational institution, then you must apply to the Pension Fund to withdraw funds and return them to the certificate account. The balance of funds can be spent in the future for the purposes stipulated by the legislation.

How to spend the funds of the parent capital on the funded part of the pension

It is worth noting that this is a lesser way of selling funds at the expense of maternity capital. Less than 1% of certificate holders use it. Nevertheless, the mother can transfer funds to the account of the funded part of the labor pension. Moreover, the transfer can be made both to the State Pension Fund and to the non-state pension fund.

In any case, if a woman wrote the application and transferred the money to the account of the funded part of her labor pension, she can change her mind at any time and redirect the funds for other purposes. In the event that a woman does not live to retirement, the means of the mother's capital will be inherited by her close relatives, that is, her husband and children.

Can I spend money on a car

Many families are interested in this question: is it possible to spend maternity capital on the purchase of a car. Unfortunately, you can not buy a car for these funds, although the question was repeatedly discussed in the State Duma, but the bill was rejected.

Although for many families buying a car would ease their way of life. But at the same time, it is questioned how the interests of children will be taken into account. Firstly, you can sell the car you bought and thus get cash from your maternity capital. Secondly, the period of depreciation of housing is quite long, which can not be said about a vehicle, accordingly, it is not advisable to spend money on the acquisition of money from its parent capital.

On the other hand, some families have their own housing and they do not need funds to purchase it. Spending money on educating children or transferring them to the future of a mother's pension - the prospects are rather "foggy" and long-term. Therefore, for them buying a car would be an ideal option. But the list of what you can spend your mother's capital has not changed.

Can I get cash

Such a question was for sure set by every owner of the certificate. That is, can I get money in exchange for a certificate for maternity capital. What you can spend the allocated funds within the law is already known, but not every family needs such support, which can not be said about "live" money.

Unambiguously, you can not get money, that is, the law does not provide the issuance of cash certificates to holders of the certificate. There is only one exception when the family has built or reconstructed housing at its own expense. In all other cases, the money is transferred to the account of construction organizations, sellers or banks, in which the holder of certificates issued a housing loan.

Responsibility for misuse of funds

The receipt of cash through maternity capital is regarded as theft of state property. Therefore, you need to think carefully before deciding how you can spend your maternity capital against the laws of our country.

In addition, for a crime bear the criminal responsibility of persons who took direct part in the implementation of the fraudulent scheme. For example, if a construction firm or a relative of a certificate holder cashed in money, then they are accomplices.

It is worth noting that government agencies carefully monitor the use of funds from the state budget. Therefore, it is not easy to realize maternity capital.

This, perhaps, is all that can be spent on maternity capital. No changes are expected in the near future regarding the targeted use of funds.