For eight years, a state program has been operating in Russia, under which financial assistance is provided to young families. Families in which the second child was born can participate in the program. Let's figure out how to get maternity capital in cash.
Within the framework of the program, a happy family receives a certificate for a sum that increases annually due to rising inflation. Previously, it was 360 thousand, now it is 450 thousand (at the time of writing, 2015).
By law, a family can spend money in several ways. Let's consider them in detail.
- Life improvement. The family that received the certificate can use it for the construction or purchase of housing, forquick loan repayment.
- Children training. A family with a certificate can pay for the education of children in domestic educational institutions. This is good, because the cost of educational services is not democratic.
- Increase of funded pension. Funds can be placed in the pension fund of the Russian Federation of state and non-state nature.
- Daily needs. By law, every family with the right to maternity capital can withdraw part of the money for the needs that they face daily. The maximum amount of cash in cash does not exceed 12 thousand rubles.
I note that state assistance cannot be received in cash. Legislation does not provide for such an opportunity. In this way, the state protects citizens from fraud. The right to cash assistance from the state is given once. For this reason, think ahead about how to manage your money.
How to use maternity capital to purchase housing
It is problematic for a young family with children to purchase housing. Fortunately, maternal capital helps. The money provided by the state is allowed to be spent on the purchase or construction of residential real estate.
If at the time of the birth of the second baby the family has mortgage, part is allowed to repay maternity capital. Contact your credit institution with a certificate and application. Representatives of the pension fund will ask for a number of bank documents confirming the receipt of the loan and the outstanding balance. Only after the provision of securities funds will be transferred to the borrower.
Maternal capital is family capital. Therefore, if you use the funds, you will have to draw up shares in the purchased property for children. The law does not determine the size of shares, so they can be symbolic.
To obtain a mortgage, in addition to documents, a certificate is required confirming the right to receive state assistance. Do not forget, if by this moment you spend at least a small part of the funds, you will not be able to use the certificate at the time of receiving the loan, asthe bank will refuse a loan.
The bank will analyze the income of the family, determine the amount of the loan and the interest rate. Capital funds will be added to credit funds. Remember, the certificate is not money, it allows you to use it. The fund will list them after real estate registration.
If you decide to allow state assistance to pay the down payment, you will have to get two loans from the bank. We are talking about borrowed funds, which are calculated on the basis of the loan term and the size of the contribution.A loan will fall on your shoulders, the amount of which corresponds to the amount of maternity capital. So far, representatives of the pension fund have not pay off the loan, you have to pay interest.
Banks enter into loan agreements with a contribution repaid by capital funds at increased interest rates. As a result, capital funds are used to pay an inflated interest rate. It is better to pay the installment with your own money, and pay off part of the loan through a certificate.
How to draw up maternity capital for a second child
Maternal capital is a very effective tool for providing material support to families, used by the Russian authorities. The issuance of this type of state aid is carried out in the country according to the rules established by law.
It is noteworthy that it is impossible to cash out funds from a bank account. Costs are incurred in a non-cash format on the basis of concluded agreements. This means that the family will not be able to spend maternity capital for other purposes. At the same time, mom can earn maternity leave along with dad.
Each Russian family can receive the presented certificate if it fulfills the conditions. Among them:
- The appearance of the child in the family after the launch of the program.
- The family did not receive government assistance.
- Parents or persons who have adopted a child do not have a criminal record for crimes committed against children.
- Parents are citizens of Russia.
Maternity capital is periodically indexed. When the government launched the program, the amount of assistance was 250 thousand. Now she doubled. As a result, the family gets access to a large sum, which helps to improve life or educate the child.
The basis for receiving payments is the appearance of a second child in the family. I’ll tell you who claims to be paid and what to do.
- Women who have given birth or adopt a second child who have not previously received state aid.
- Men are parents or adoptive parents of the second child who did not manage to exercise the right to receive a certificate.
- A variety of state assistance is also available to persons who have received parental rights, for example, if the mother of the child has died, lost parental rights or committed a crime.
To get a certificate, look at the pension fund together with the application, passport, birth certificate of the baby and a document confirming citizenship. A month later, visit the PF branch again and receive a certificate and open an account with an accredited bank. If you fulfill the conditions and learn to saveimprove your living conditions.
Maternity capital for building a house on your own
Maternity capital represents government financial assistance. It helps a young family with children to improve the quality of life, to ensure a good existence.
An investment in the construction of a small cottage or a private house is one of the options for distributing benefits.
- It is allowed to distribute and withdraw finances from the state allowance only after the child reaches the age of three. Then you can spend money on the purchase of land and building materials, on the preparation of the site for construction.
- If you started building a house after the law came into force, but before drawing up the benefits, you can cover the costs with the funds you received. Maternity capital can be used to offset early expenses.
- I recommend that you carefully study the terms of the transactions, since fraudsters offering to cash out funds are not asleep. Such actions are prohibited by law and punishable.
- If you started construction after the child reaches the above age, and you plan to use the funds for construction costs, be sure to consider a number of factors.
- The money allocated by the fund is transferred to the bank account in stages. The first half is received over several weeks, and the second half is accrued after six months. This time is enough to build a foundation with walls and roof.
- Then provide documentation to the appropriate authority. After its consideration, the representatives of the fund will decide on the issue of the remaining funds for construction. If the answer is satisfactory, continue construction with the payment received.
- First of all, make a statement on the distribution of maternity capital. The success of the event depends on the document.
- Provide a copy of the document confirming the right of ownership of the site on which construction is carried out to the state body. Also, permission from the construction services will be required.
I tried to state the information as accurately as possible. Consultation of an expert on the correct execution of documentation and the timing of execution of actions will not hurt. In general, the procedure is lengthy, but the result is worth it.
Latest Maternity News
In conclusion, I will share the good news regarding maternity capital. Deposit is the easiest way to increase money.
State Duma deputies are considering a bill designed to expand the use of state payments. One of the points provides for the use of money from maternity capital to open a bank deposit. As a result, a family that has received the right to a certificate will be able to receive interest.
For banking organizations, they will create a procedure focused on working with maternity capital, the essence of which is to comply with the rules. The rules will determine the interest rate, term of the deposit agreement and the procedure for withdrawing dividends.
The authors of the bill believe that this approach minimizes the number of cases when citizens illegally cash out maternity capital. Such services are offered by scammers who want to seize money.
Today, state aid is allowed to be spent on specific needs: improving life, educating children, and accumulating pensions. Not every prosperous family needs to pay for education or to improve their lives, and everyone needs money for everyday needs. Dividends received from the deposit will partially solve the problem. People will be able to buy goods, monitor their health and relax.
Loading ...I shared information about receiving maternity capital in cash. If you have a child or plan to have one, the information will come in handy. Good luck to you!
