What is maternity capital?

dated December 29, 2006, maternity capital was defined as federal budget funds that are allocated for additional measures of state assistance to families with two or more children. They are implemented through the structures of the Pension Fund of the Russian Federation.

From 01/01/20, maternity capital will be issued for the first child, and the amount for the second or subsequent ones will be increased by 150 thousand rubles. In addition, the indexation of the amount of assistance has been resumed and will now amount to 466,617 rubles.

The cash benefit is issued in the form of a special certificate, which can be legally used only after the child reaches 3 years of age.

Support measures for which the state allocates a cash subsidy are defined in Art. 2 Federal Law No. 256:

• the child's education;
• improvement of living conditions;
• increasing the level of pension provision of the certificate holder;
• receiving monthly payments;
• adaptation of disabled children and their socialization in society.

Find out more about what maternity capital is and to whom it is issued.

Legislation on when you can use maternity capital

The deadlines within which you can submit an application for the use of maternal capital funds are defined in Art. 7 Federal Law No. 256. The legislative norm regulates how long and in what cases you can use a subsidy aimed at clearly established goals.

The funds cannot be used until the child, after whose birth maternity capital was received, reaches three years of age.

However, exceptions to this rule are possible.

The articles of the law define:

• conditions under which the subsidy can be used to purchase an apartment or house immediately after the birth of the second and subsequent children;
• rules for disposing of maternity capital if the owner of the certificate is the children themselves;
• other nuances related to investing cash benefits.

Deadline for cashing out maternity capital after the birth of a child

The law does not establish any exact terms for the use of maternity capital.

But you should understand that you can spend this money on a child until he reaches adulthood. And when training and directing funds specifically for these purposes - up to 23 years.

Also, up to the age of 23, a child has an independent right to receive family capital if

• both parents (adoptive parents) are no longer alive;
• They are both deprived of their rights in relation to born and adopted children.

A woman is deprived of her right if

• her death;
• revocation of parental rights;
• adoption;
• the presence of a court verdict on the commission of a deliberate criminal attack against the child’s person.

USEFUL INFORMATION: The donated property is not the joint property of the spouses

As for the possibility of redirecting funds to the mother’s pension savings base, such a right is not limited by time limits.

The state program of financial assistance to family citizens in order to improve the demographic situation in the country is valid from 2007 to 2021 inclusive.

If the 2nd or subsequent child was born after December 31, 2018, then his family will no longer be able to take part in the program.

We describe typical ways to resolve legal issues, but each case is unique and requires individual legal assistance.

At this time, there have been no official announcements regarding the extension of the program. However, such an extension had already been carried out previously.

At first, the program was valid until December 2021, but last year it was decided to extend it until December 2021. This information is currently posted on the official PFR website.

The government is considering extending the program until 2023.

Our experts monitor all changes in legislation to provide you with reliable information.

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When is maternity capital transferred?

Regardless of the purpose for which maternity capital funds are planned to be used, Federal Law No. 256 and the Pension Fund of the Russian Federation set the same deadlines for consideration of the application and their transfer.

Since 2021, this period has been shortened, so in total both processes will take no more than 40 days after the application: at least thirty days will be allocated for consideration of the application, and after receiving a positive decision on the transfer of funds - ten days. Moreover, this does not mean calendar days, but working days, excluding weekends and holidays.

Required documents: what is included in the application

Today, the total time for consideration of an application for the disposal of maternal capital is 40 days . Previously, this period was 60 days (2 calendar months), but after the signing of the corresponding Resolution No. 253 dated March 3, 2017, the waiting time was reduced. Of all 40 days:

The deadline for transferring mat capital to the seller’s account is 2020

An application for disposal of maternal capital must be accompanied by supporting materials. Otherwise, Pension Fund employees will make a negative decision, citing the lack of grounds for using the money.

May 09, 2021 semeiadvo 555

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When can you use maternity capital after childbirth?

After receiving a certificate for financial support from the state, the question of how soon it will be possible to use the money for the needs of the family is one of the most pressing. And even knowing about the condition of the child reaching 3 years of age, many parents are interested in whether it is possible to use maternity capital in their own family programs immediately after the birth of the child.

The changes made to Federal Law No. 256 allow this to be done if the funds are allocated to:

• payment for services and goods for social adaptation and integration into society of children with disabilities;
• payment of interest on the loan or repayment of the principal (possible only when repaying housing loans and credits, including mortgages);
• making a down payment when taking out a mortgage loan.

When applying for the use of capital, it is important to remember after what period of time the funds will be credited to the account of the banking organization when repaying the loan for the taken or issued mortgage. After all, many families with the birth of a baby strive to improve their living conditions and purchase an apartment or private house.

Although the terms for transferring maternity capital have been reduced to 10 days, in practice the time for the actual receipt of funds is delayed. To the question of how long to wait for maternity capital after submitting documents, you can answer that the transfer of funds sometimes stretches up to 45 days, including the period for consideration of the application.

You can use maternal capital funds as collateral when receiving a loan/credit from a credit cooperative, which, after completing the formalities, will receive through the Pension Fund the amount missing for the family to purchase real estate.

The answer to the question of when maternity capital can be used in 2021 is contained in the articles of the law, which regulates the use of financial resources both before the child reaches the age of three and after.

What will change in the timing and purposes of using maternal capital?

From March 12, 2021, maternity capital can be spent on the construction and reconstruction of a house, even on a gardening plot. Now it is possible to build residential buildings there, so it was necessary to clarify the conditions of state support. If you have a garden plot, there will no longer be any problems with building a full-fledged house there for capital. And if there is already a house on the garden plot, you can add additional space to it - and the pension fund will pay for it.

What law are we talking about?

Now, at the birth of the first child in 2021, a family can receive 466,617 RUR. And if the first child was born before 2021, and the second in 2021, the maternity capital will be 616,617 RUR. As usual, there are nuances and not all families are entitled to new payments: if children were born before 2021, the previous conditions apply.

Does it happen that Pension Fund employees ignore a citizen’s application and are in no hurry to transfer the subsidy to the recipient’s account? The timing of the transfer of money is strictly regulated by federal law, so one reason or another is unlikely to affect a change in the expected date of issue.

After receiving the certificate, I can use the capital to pay off the mortgage without waiting for 3 years. Right? As soon as you receive a certificate for maternity capital (it is prepared about a month after submitting the application), you will need to make an undertaking with a notary that after repaying the entire mortgage within 6 months, you will register the shares of the apartment not only for yourself (or yourself and your husband), but also for your children. Then take a loan agreement, a certificate from the bank about the balance of debt, a notarial undertaking, a marriage certificate, birth certificates of children, a passport (+ maybe you forgot to write something else) and go to the Pension Fund.

Maternity capital for the purchase of housing in 2021

At the stage of making payments, there is no delay, and the deadline is set similar to the period allotted for making a decision, i.e. 5 days. A similar procedure is fixed by the provisions of Law No. 256-FZ. As a result, from 2021, the rapid allocation of capital funds for the purchase of housing has significantly simplified the process of applying the federal program, reducing the period of waiting for a response from the Pension Fund of Russia and payment from 60 days (30 days for each stage) to 1 month and 10 days.

1. Wait while the papers are verified.
2. Wait until the funds are transferred to your current account.
3. Receive a message from the Pension Fund confirming your right to maternity capital.
4. Submit the documentation to the Pension Fund of the Russian Federation.

The majority of families entitled to receive maternity capital spend these funds on improving their living conditions. Despite the fact that the law prescribes many ways to achieve this goal using government assistance, the majority of certificate holders direct the money to repay a mortgage or consumer loan, which was once taken out to purchase housing.

How long to wait for maternity capital when buying an apartment

The process of buying an apartment using maternity capital | Maternity capital And maybe there is a template for a share purchase and sale agreement. Maternity capital funds are transferred by the Pension Fund to the account of the Seller guarantees that the apartment specified in this agreement. Sample: Agreement for the purchase and sale of an apartment using maternal funds using maternal (family capital) funds. The process of buying an apartment using maternity capital. Lusha001 wrote:. stella, maybe, she’s like that herself. I searched and found it, albeit in a village and a little far from home, but! this is exactly what I was looking for, move into the house and live, and there is also land with an orchard. My house-dacha went beyond the MK by 45 thousand, but we could no longer resist. The house is too good, and the feeling was “Mine!” where did you find such a cheap house? tell me how to search? in Len. region, I saw an advertisement for land with a house for more than 1,000,000 rubles?

Thus, in accordance with clause 17 of Decree of the Government of the Russian Federation of December 12, 2007 No. 862, the Pension Fund is obliged to transfer maternity capital funds to the seller’s account no later than two months from the date of acceptance of the corresponding application from the buyer - the certificate holder. As you can see, the procedure for transferring maternity capital to the seller is so simple that it can be described in one sentence

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Use of maternity capital after the child reaches 3 years of age

It is established by law when maternity capital can be used for housing and how to do this without waiting for the child to turn 3 years old. However, Federal Law No. 256 defines a number of other areas for which funds can be spent after the deadline.

Maternity capital funds can be used in whole or in part to support a child in preschool institutions, invested in educational programs or in the future pension provision of the certificate holder.

Adaptation of children with disabilities and the purchase of real estate are included in the list of areas in which subsidy funds can be used even after the child reaches the age of three.

How to use maternity capital

Although the federal law limits the scope of application of material resources sold with the help of maternal capital, it provides a wide field for the use of assistance. According to Pension Fund statistics, the largest percentage of citizens who have received a certificate use it to improve their living conditions - 92%.

The second position, although by a significant margin, is occupied by educational services - almost 8%. Less often, funds are used to form a funded pension for the certificate holder and adaptation of children with disabilities.

The list of areas on how you can use maternity capital in 2021 has been expanded to include the possibility of receiving monthly payments from maternity capital in cash.

An important condition for receiving this money is the family’s low income. Her average per capita income should not exceed one and a half subsistence minimums established in the region of residence for the 2nd quarter of the previous year.

Key points: what you need to know

The timing of document verification may vary. After reading the forums, a young family learns that in a number of situations government agencies can transfer money in 3 weeks, and in other cases they have to wait up to 2.5 months. For this reason, a person should be prepared in advance for the fact that they will have to wait longer. The deadline for collecting documents for transferring money is individual for each family.

The deadline for transferring maternity capital funds in 2021 has been shortened

It is very important to approach the choice of a loan product with the utmost care. The largest banks can offer a lending option in which a down payment is made out with a separate loan. In the future, this loan is closed with maternity capital (it is important to correctly calculate the total amount of principal and interest, which should be equal to the amount of capital). This method allows you to profitably increase the down payment, thereby reducing the principal debt, and, accordingly, the interest on the main loan, without spending your own funds.

This year, maternity capital was indexed by 3.7% , respectively, the amount of compensation for the first child was 483,882 rubles, for the second – 639,432 rubles. Calculated additional payment = 155,550 rubles .

In 2021, the amount of maternity capital for the first child is 483,882 rubles. For the second child, an additional payment of 155,550 rubles is required. That is, if the mother has not yet received a certificate at the birth of her first child, then at the birth of her second child she will immediately receive 639,432 rubles (483,882 + 155,550). The same applies to the birth of the 3rd and subsequent children.

Key changes in legislation

Determining the amount of maternity capital is only part of the new reform; in addition, the general terms have been revised. The main goal of the Russian Government was their compression. Changes in timing were planned in two stages - for 2021 and for 2021. Let's look at them in the table:

When building a house on your own, first only half of the amount is transferred within one month (the total amount is indicated in the certificate). The second part can be received six months after providing documentary evidence of the work performed.

A certificate confirming your right to appropriate financial assistance can be issued in advance. Immediately after the birth of the second or subsequent child, an application is submitted to the Pension Fund with the mother’s passport and birth certificate (birth certificate).

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How and where does the pension fund transfer money to MSK?

The actual time for transferring maternity capital when purchasing an apartment or other housing depends not only on the norms of the current legislation (Federal Law No. 256 of December 20, 2006, Art. 8). The timing of the transfer of maternal capital is affected by the correct preparation and submission of documents to the Pension Fund.

1. The certificate will be issued 5 working days after the application. Now - in 15 days.
2. An application for disposal of maternal capital will be considered within 10 working days. For now, a month is allotted for this.
3. The decision regarding the disposal of maternity capital will be announced within a day. As long as the notification is sent within 5 days.

Is it possible to cash out maternity capital?

Substitution of concepts often leads to serious troubles for certificate holders who are thinking about how to get cash in exchange for the document. Such actions are strictly prohibited by law.

Manipulations with maternal capital aimed at obtaining cash are a criminal offense and are prosecuted by law.

In addition to monthly payments intended for low-income citizens, a legal way to receive cash from maternity capital can be lump sum payments, which in different years were provided by the state as an anti-crisis measure.

In other cases, no matter what the owner means by the words “cash out maternity capital,” only non-cash transfers from the Pension Fund to the accounts of organizations that provide services within the framework of the legally regulated use of cash subsidies are legal.