What can you spend on maternity capital?
What can you spend on maternity capital?
With the advent of the child and the joy associated with thisevent, there are expenses and the need to improve living conditions. The state provides the so-called "maternity capital" after the birth (or adoption) of the second and subsequent children.
The amount of maternity capital is grantedonly in the form of non-cash settlement. Any attempt to cash it out is illegal. When committing such an unlawful act, the owner of the certificate for a financial subsidy falls under the article on the misuse of public funds. The law provides for only three main areas of use of the money received.
Improvement of living conditions
The law stipulates that the amount of maternitycapital (in whole or in part) can be used no earlier than when the child reaches the age of three (or three years from the date of adoption). An exception in this scheme is the acquisition of housing. In those cases where the funds of the parent capital are used to pay a mortgage loan, purchase or construction of housing, you can use them, without waiting for the expiration of three years from the birth of the child. The concept of "improving living conditions" includes also major repairs of an existing house. The main condition: purchased (under construction, repaired) housing should be located on the territory of the Russian Federation. Getting a child education
The second direction of using the mothercapital - education of the child. This includes not only education in the university, but also the maintenance of children in a kindergarten or similar institution that carries out pre-school education or basic general education programs (primary and full). The subsidy is allowed to be divided into parts, covering the child's need in all levels of education. You can learn the received money only in the territory of the Russian Federation. The organization providing educational services must have state accreditation. Capital can be used for any of the children, if their age at the time of the beginning of training did not reach the mark of 25 years. While there is no permission to use these funds for the purpose of obtaining education by the parents of the child, some proposals have already been made by some deputies. Increase in the mother's pension
The third legal way of spending the maternalcapital - an increase in the accumulative part of a woman's pension. This is the least popular option, which is used by only 2% of families. Often, the amount allocated to pension savings is the remainder of the use of the subsidy for other purposes. It is allowed to send funds to both the state and any non-state pension fund.
