Maternity capital today is a very tangible state support for many large and young families with two or more children. The legislative framework makes it possible to use the available preferential funds in order to:
- Improve the conditions of the family’s current residence in the form of major repairs, including reconstruction, the purchase of finished housing or its share, as well as the construction of a private residential building on a plot of land;
- Pay for the child’s education in paid preschool, school and higher educational institutions with a state license, as well as accommodation in a hostel on the territory of the Russian Federation;
- Increase savings for the mother’s pension or, in some exceptional cases, the father’s;
- Purchase the necessary equipment for children with disabilities.
The above categories have some limitations.
For example, housing is located only within the boundaries of Russia in the ownership of family members (only spouses and children), payment for education for children under twenty-five years of age, compulsory Russian citizenship, as well as the period after which one can take advantage of financial assistance from maternity capital. In fact, the time frame within which government assistance can be used for the same purchase of housing depends on the age of the children and the intended purpose of the payment.
Who is eligible?
Before considering any deadline, it is important to consider some of the nuances of obtaining the certificate itself. This is especially important in a subsequent transaction or mortgage to purchase a home. The current legislation and together with it the conditions of the social program for calculating maternity capital make it possible to issue a certificate in the name of:
Dear readers!
Our articles talk about typical ways to resolve legal issues, but each case is unique. If you want to find out how to solve your specific problem, please contact the online consultant form on the right →
It's fast and free!
Or call us by phone (24/7):
If you want to find out how to solve your particular problem, call us by phone. It's fast and free!
+7 Moscow,
Moscow region
+7 Saint Petersburg,
Leningrad region
+7 Regions
(free call for all regions of Russia)
- The mother who gave birth or, by court decision, adopted the second or each subsequent child. At the same time, children must have Russian citizenship;
- The father of minors or the only adoptive parent, if the spouse has died, has been deprived by the court of parental rights or freedom by conviction;
- Children upon reaching adulthood. If, after the death of biological parents or deprivation of parental rights, the children were transferred to the guardianship of the state.
Particular attention should be paid to such rules for families in which only one spouse has Russian citizenship or in which the mother, for some reason, cannot obtain a mortgage for herself. This is due to the fact that maternity capital can be used to purchase a home only when the mortgage, purchase and sale agreement and title of ownership are issued in the name of the recipient of the certificate, regardless of whether the established period has passed and all requirements have been met. Moreover, we should not forget that the certificate cannot be cashed.
How much to wait?
Of course, one of the exciting questions is after what time and within what period can the issued certificate for maternal capital be used according to the law.
Speaking about increasing pension savings and paying for educational institutions, this period is three years after the birth of the second child. However, when funds are used to purchase housing, the following can be noted:
| Immediately after birth | Three years after birth |
| You can freely use maternity capital to pay off a previously issued mortgage for the purchase of a home, make the principal payment and pay off interest rates | Can be used as a down payment when obtaining a mortgage for the purchase of housing, construction, reconstruction of housing, with shared participation or when purchasing an apartment in a new building |
The period for consideration of the application and documents submitted to the Pension Fund institution at the place of residence of a family with children is approximately one month. Further, within five working days after the decision is made, the responsible officer must send the applicant written notice of what decision has been made.
How you can use maternity capital in 2021
Initially, No. 256-FZ provided such an opportunity in only four areas:
- Increasing living space or improving living conditions.
- To cover the educational expenses of any child in the family.
- In the form of funds being transferred to the personal account of the child’s mother, as an increase in her funded portion for a pension.
- For the purchase of goods that provide adaptation for disabled children (the list is approved by the Government of the Russian Federation No. 831-r).
- Since the beginning of 2021, a new direction for payment of funds has appeared, thanks to which it has become possible to provide financial support to families in the form of a monthly allowance from the MSK.
Each area has its own characteristics.
Improving living conditions
It is assumed that the family will invest MSC funds to achieve the following goals:
- purchase of housing (apartment, room, residential building or part thereof);
- construction of housing, both with the involvement of a construction organization and independently;
- reconstruction (increase in area, improvement of living conditions) of a residential property without the participation of a contractor;
- compensation for funds invested in the construction or reconstruction of housing;
- as a down payment or repayment of debt under a loan agreement (including a mortgage) taken out for the construction or purchase of residential premises;
- to pay the cost of constructing an apartment under a shared participation agreement.
To do this, the certificate holder will need to submit the following documents to the Pension Fund authority:
- application in the established form on the disposal of MSC funds (in whole or in part). To be completed at the Pension Fund office upon application;
- ID card (passport);
- insurance certificate (SNILS).
How to apply for maternity capital for 2 children online?
Additionally, the following documents must be submitted:
1. Evidence of the acquisition of residential premises:
- a copy of the purchase and sale agreement;
- extract from the Unified State Register of Real Estate.
2. In case of participation in shared construction - a management agreement.
3. The situation is more complicated with the allocation of MSC funds for the construction or reconstruction of housing on our own without the involvement of a construction organization on a plot of land for individual housing construction. Then initially only half of the funds are allocated, and you will need:
- a copy of the title document for the land, issued to the owner of the certificate or his spouse, and the plot must be permitted for the construction of an individual housing construction project;
- a copy of the document permitting construction;
- Bank details of the account of the certificate holder or his spouse.
Then, after six months, the remaining amount will be paid subject to the provision of:
- a document stating that the work carried out resulted in an increase in the living area of the property and it is not less than the accounting norm for the area established by law;
- bank account details of the certificate holder or his spouse.
4. In cases of building a house with the involvement of a company, copies of documents will be required:
- construction contract;
- right of ownership of land or perpetual use of a plot of land;
- building permit.
5. The most popular direction is to repay a loan taken for the purchase or construction of housing.
To pay off the down payment you will need to provide:
- loan agreement with the bank (copy);
- mortgage lending agreement registered in accordance with the established procedure;
- other documents depending on the situation described above.
To repay the principal debt or pay interest on the loan:
- a previously concluded loan agreement with a bank under which funds were taken for the purpose of purchasing or constructing residential premises (copy);
- a certificate of the balance of debt to the credit institution;
- mortgage agreement;
- extract from the Unified State Register for housing;
- plus the documents set out above, depending on the situation.
It is mandatory to have a notarial undertaking that the residential premises, which are purchased or built with funds (part of the funds) of the MSK, will be registered as shared ownership of all family members.
Children's education
Involves payment for educational services in educational institutions or preschool education for any family member under 25 years of age. This also includes the allocation of MSC funds for the maintenance of a child in a paid kindergarten or accommodation in a dormitory. The owner of the certificate for this represents:
- application in the prescribed form;
- personal documents proving identity and registration;
- SNILS;
- a copy of the contract for the provision of educational services on a paid basis with mandatory certification by the educational institution;
- a certificate of residence in the hostel and a rental agreement indicating the terms of payment and amount (if paying with MSK funds for the child’s stay in the hostel).
Mom's funded pension
It can be increased by directing the amount of money under the certificate to this direction. Then the package of documents will consist of:
- an application to be filled out at the Pension Fund upon application;
- passport and SNILS of the certificate owner.
Goods and services for the adaptation of a disabled child in society at the expense of MSC funds
The funds can be used to purchase IPRA for any of the children in the family who have a certificate of disability. In accordance with the individual program, he is recommended a product or service that is purchased, and the funds spent are compensated by the Pension Fund of Russia at the expense of MSC funds.
Scheme for obtaining assistance for a disabled child at the expense of MSK funds.
It is also noted that there is no deadline for applying for a certificate. This means that an applicant who has the right to assistance from the state in the form of family capital can apply for a document either immediately after the birth of a baby in the family or much later. He does not lose the right over time.
Until 2015, the amount was indexed annually. At the same time, previously received certificates with a printed amount do not require replacement. When applying for disposal of funds, the amount indicated as of the date of filing the application for disposal will be applied.
Since capital funds are transferred only by non-cash means, fraudulent schemes constantly arise that create dishonest ones.
Important! Certificate holders should be aware that these are illegal methods of cashing out and they become accomplices in criminal acts.
There is only one legal option for cashing a document, when a government decree makes it possible to receive part of the funds in the form of a lump sum payment. This means that a family can receive a certain amount of money into their bank account, subject to personal application within the time frame specified by the resolution. Funds can be spent anywhere.
Don't neglect
Considering the fact that the term is not the only strict limitation that can be attributed to some barriers to the use of maternity capital, citizens need to take into account the associated nuances.
For example, there are cases when parents tried to spend the certificate to pay for consumer loans, issuing them for the purchase of any housing, sometimes buildings that are not at all suitable for habitation. Since today there is no clear supervisory authority, it is necessary to indicate in contracts what the loan was taken for. If there is no such mark in the documents, you will have to prove through the court that the loan was actually taken out to purchase a home. You should also not draw up contracts that mention installment plans. Maternity capital can only be used to repay a loan when it comes to real estate.
Considering the latest legislative changes and the fact that the validity period of the social program for payment of maternity capital has been extended, everything needs to be carefully planned. We have been talking about the abolition of maternity capital for several years now, so it is better to take advantage of it while the opportunity still exists.
From what age and up to what age can you use maternity capital?
After receiving the MSK certificate, the question arises - How can you manage maternity capital in 2021?
Remember that some of the funds are mat. capital can be divided. For example, one to pay for children’s education, and the other to defer or increase pension.
What can you spend maternity capital on after 3 years?
The law establishes that you can exercise your right to use maternity capital funds after the child turns 3 years old, for:
- Purchase of housing under a DDU agreement.
- Construction of the house, and also offset the costs.
- Studying at a university and paying for premises, utility bills in a dormitory.
- Mom's pension savings.
What can you spend maternity capital on for up to 3 years?
But there are also exceptions that most families use after the birth of their second child before reaching the age of three.
This is a very successful rule for many young families, which makes it possible not to wait until the age of three, namely:
- Repayment of a bank loan taken to improve housing, as well as interest on it.
- Purchasing services and goods for adaptation of a disabled child to society.
- Monthly payments to low-income families.
- Repayment of expenses for kindergarten and nursery.
The certificate amount in these areas can be used at any time by writing an application to the territorial body of the Pension Fund of the Russian Federation or submitting it through the MFC.
If it happens that the original document is lost, the owner of the certificate can receive a duplicate. It is valid only upon presentation of a passport.
Tax from MSK on personal income. persons are not subject to payment.
What should you be prepared for?
There are no restrictions on the period for obtaining the certificate.
It can be issued not immediately after the birth of the second child, but after the birth or adoption of the third or fourth. There is also no limitation on the period of use of the received certificate for maternity capital required by law. That is, it is not necessary to spend it immediately after three years. However, this would be illogical, given the fact that one of the intended purposes of this state assistance is to pay for education. Although there is an interesting point here and it is that you can pay for education with maternity capital only until the child reaches twenty-five years of age. Whatever the intended purpose is chosen, the recipient of the certificate will need to prepare all the necessary documents in advance, no matter how long they have to wait. The list of required papers will depend on the individual case and must confirm its focus so that Pension Fund employees have no doubts about where the budget funds are going.
If an incomplete list or false information in documents is provided, the applicant will be refused. And if you try to commit fraud and cash out funds, you may even lose your freedom for several years.
How to cash out maternity capital balances
The Pension Fund can provide all information about the state of your capital. Funds allocated under the program are carefully accounted for and transferred only for their intended purpose. The remaining funds can be used to pay for the education of your older children or transferred to a funded pension. It is impossible to withdraw this money in cash.
How much does it cost to cash out maternity capital?
Many dubious companies offer to cash out your capital, but first they demand a good commission, after which they disappear. Any manipulations with maternity capital, other than those specified in the law, can cost you your freedom. Cashing out using “gray” schemes, if successful, will cost you 20-30% of the capital amount.
