How can maternity capital be used: possible options

2024 Author: Howard Calhoun | [email protected]. Last modified: 2023-12-17 10:16

How can maternity capital be used, many mothers think. Maternity capital is financial support for families in which a second or subsequent child appears. The decree on payments to mothers was issued in 2006. Since 2007, certificates for capital have been issued. The program is valid until January 31, 2015. Whether the "banquet" will continue is unknown.

In order for a woman to exercise her right, she must submit an application to the Pension Fund, provide the mother’s passport and a copy of it, the birth certificate of all children, the birth certificate of the mother, the SNILS pension insurance certificate (this document is drawn up at the Pension Fund), if necessary, provide a certificate from the registry office on the first marriage and a certificate of divorce. That's it, the certificate has been received, now we need to think about where to spend the maternity capital.

Maternity capital for twins in double size is notwill pay. Only one of the kids will receive a certificate. If since 2007 the family has already received capital, and later a third child was born, then he no longer falls under this program. This is a one time help. Don't expect more.

There are families who have already been able to use the right to sell funds under the certificate. But many are still thinking about how maternity capital can be used. The options were fixed by law in 2006, since then there have been no changes. Mothers can use this money to find a solution to their housing problem, leave all or part of the capital for the education of the child (it doesn’t matter which one, with this money you can also teach the elder). This amount can be put into the mother's retirement account, to form her pension (the most incredible choice for Russians). A small part in the amount of 12 thousand according to the certificates of 2008-2010 could be received in cash. Now this is not. Cashing out the entire amount is a crime for which you can get a large fine or even a real term of imprisonment, it is not worth the risk, embarking on various adventures. Caught - it won't seem enough.

The funny thing is that the financial aid looks rather big. In 2007, it was 250 thousand, and in 2013 - already 430. But there is one small nuance. Money cannot be touched for 3 years. And the 250,000 of the 2007 sample is very different from the 250,000 in 2010. Therefore, mothers are still wondering how they can use maternity capital so that it bringsreal benefit.

If this is a mortgage, then for many cities in Russia, 250-300 thousand is not even enough for a down payment. This is just for a snack. Studying in a higher educational institution since 2010 costs at least 300 thousand, besides this, a paying student needs to be fed and clothed, he must live somewhere. Again it turns out that only to support the pants. Well, it’s ridiculous to talk about pension savings in general. Which of the Russians believes that he will retire and actually receive the funded part? At the moment, this is the same as the promise of the CPSU that every Soviet person will have his own apartment in 2000.

On the other hand, money is not superfluous. Even small ones. And how you can use maternity capital, you can and should decide.