Maternity capital: the extension of the program. Term of the renewal of the parent capital

The program of state support for families with two or more children, known as "maternity capital," came into force in 2007. The right to receive funds from the state arises only once, regardless of the number of children in the family. The purposes for which maternity capital may be spent are determined by law, the receipt of funds "in the hands" is not expected. The amount of payment for the period 2015-2016 amounted to more than 450 thousand rubles. Initially, it was assumed that this form of state support will be in effect until December 31, 2016. But thanks to the popularity of the "maternity capital" program, the extension was decided to be implemented until 2018.

Who has the right to obtain a family certificate?

State support is provided to those families from whom the second child was born or was officially adopted (if the application for support was not submitted after the birth of the second child, then after the birth of the third and subsequent children, this payment can also be received).

Issuance of a certificate for state support is carried out in the representation of the RF pension fund at the place of residence.

When can I apply for maternity capital?

The term of application to the relevant department after the birth of the child is unlimited. Which means that you can get a certificate after a time after the family has a second (third, fourth, etc.) child. The only condition is the time of the program. In connection with the fact that the parliamentarians of our country have resolved the issue that the extension of the maternity capital is necessary, the term for applying for state. Support has increased. However, there are restrictions on the period after which you can transfer the allocated funds for necessary needs. You can use the money after the execution of the second child 3 years.

Can I use certificate funds before 3 years?

It is possible to dispose ahead of schedule funds under the maternity capital program, in case you need to apply for a loan for the purchase of residential real estate and use the money as a down payment. If there is a current loan, support funds can be spent for transfer to repay the debt. An important point is that the payment is made only on the amount of the principal debt and accrued interest, which means that the payment of late fees and forfeits in favor of the credit organization falls on the shoulders of borrowers.

What else is necessary to know?

A lost certificate can be restored. To do this, you should visit the department of the RF pension fund at the place of residence and draw up a corresponding application for issuing a duplicate of the document.

The standard income tax for individuals does not apply to maternity capital.

Premature expiration

The certificate for receiving state support funds can be terminated only in specified cases, namely: the death of the owner of the certificate, the abolition of parental rights for the child after the birth of which came the right to receive support from the state (similarly, as with the abolition of adoption).

The term "Mother Capital"

As already mentioned, the period during which the above-mentioned form of support operates was due to expire at the end of December 2016. However, in connection with the need to support families with two or more children and to maintain the demographic situation, it was decided to increase the maturity of the program "Mother Capital". The renewal, according to the updated legislation, is made before the end of 2018.

As for the size of the payment, then, like in previous periods, it will be indexed. The exact amount under the "maternity capital" program, the extension of which was held in 2016, since January 2017, has not yet been determined. At the moment, only interest is known that can be applied to the current rate for future periods of 6% and 5.1%. At the same time, there is a risk that the increase in the amount of payment will not take place due to the difficult economic situation. After all, the popularity of the program for allocating funds for families with two or more children is increasing every year, which means the need to increase the state's spending on maternity capital.

Many parents who are still planning the birth of a second child are wondering if there is a plan to extend the maternity capital. What will happen to this state program after the expiration of its term of validity is unknown. One of several variants is possible: the program will be terminated (for example, due to the fulfillment of the set goals, lack of funds for payments, low efficiency, etc.), the extension of the maternity capital will be extended, the conditions for using the allocated funds will be changed. Although this question has already been raised in parliament. It was planned not only to extend the term, but also the amount of the certificate "Mother Capital". The program extension until 2025, as it was on the agenda, was considered premature.

How can the certificate be used?

In accordance with the current regulations, there are several areas in which the maternity capital can be transferred.

1. Improve family living conditions. This direction is most in demand, since the question of housing conditions is always topical. A large number of families use the Maternity Capital program to improve their living conditions. The extension is largely due to this popularity. It is understood that the improvement of living conditions can be connected:

• with the purchase of residential property in the account of funds received under an official agreement from a bank or other lending institution.

• with the need for restoration work in a private home.

In the first case, the right to use the funds allocated by the state comes before the child's age of three, that is, ahead of schedule. At the same time, the funds under the certificate can be directed to the account of a bank or other credit organization as a first installment of a loan or to reduce the amount of debt on a loan that was previously issued.

2. Formation of the accumulative part of the mother's pension payments (in the management company or in the non-state pension fund). This direction of using money is preferred much less often, in comparison with other options.

3. Compensation for the cost of services and goods that were purchased for social adaptation in the society of children with disabilities. The list of goods and services, the costs of which can be returned to parents, is specified in the legislation (you can familiarize with it at the representation of the pension fund or by visiting the official Internet resource of this agency). Compensation for the cost of medical services and measures is not implied.

4. Payment for the child's education in preschool educational organizations, general education institutions, colleges, institutes and other educational institutions that are entitled to provide appropriate services to the population. You can transfer funds for educational services for one child or several children, in full or in part. An important nuance is the age of the child: it is possible to pay for tuition with maternity capital for children who have not attained the age of twenty-five.

Conclusion

Family certificate enables families to implement a more qualitative approach to the upbringing and development of children, covering all the most necessary and expensive spheres of life. In connection with the popularity of this state support, a law was passed to extend the maternity capital, which will work until the end of 2018.