Family capital is a huge support for the majority of Russian citizens. Families with two, three or more children are eligible for a payment in the amount of 453,026 rubles. Let's see what procedure for using maternity capital is established in the Russian Federation.

The conditions and procedure for the use of funds allocated from the federal budget are carefully regulated by law.

In particular, it determines:

• The impossibility of cashing out funds paid from the state budget to help families.
• Possibility of full or partial withdrawal of capital - the remaining amount is kept on the account with the FIU.
• The use of budgetary funds is allowed only in strictly established areas.

Remember that any dubious "services" for cashing out family capital are provided only by scammers.

What to spend maternity capital on in 2019?

According to the statistics of the FIU, about 92% of the citizens involved in the program spent the allocated budget funds to improve their living conditions. Another 4% send money to receive education, taking care of the future of their children.

Over the years of the program aimed at supporting families with children, more than 8,500,000 mothers and fathers who have applied have received payments.

What can you spend maternity capital on in 2019:

• receipt of a lump sum payment (as an anti-crisis measure until the end of 2016, temporarily this basis is not valid);
• improvement of living conditions for family members (purchase of real estate, construction or reconstruction of a house);
• a child receiving a quality education and payment for services of private preschool educational institutions;
• repayment of a previously issued mortgage loan or making an initial payment under a loan agreement;
• the formation of future pension payments for the mother (a relatively new and not yet widespread direction).

We propose to consider the features of each of the above points.

Lump sum payment

It will not be possible to receive a lump-sum payment on the maternity capital in 2019. Earlier legislation provided for the possibility of its registration, but only to cover the current expenses of a family with two or more children.

Using this method, it was necessary to draw up an application and send it for consideration to the department of the Pension Fund. The amount of the payment is 20,000 rubles (in 2009 - 12,000 rubles, in 2016 - 25,000 rubles). The spending of funds was not controlled by the state authorities.

To apply, you did not have to wait three years from the date of birth (adoption) of the child. Funds could only be requested once. If the FIU approved the application, then non-cash funds were withdrawn to the applicant's bank account.

Mat capital for home purchase

Funds paid to the family from the federal budget can be used to purchase new housing - an apartment or a private house. An important condition is imposed on the selected residential premises - it must be located within the borders of Russia, that is, it will not be possible to purchase real estate in one of the other states.

In a standard sale and purchase transaction, not only the seller and the buyer, but also the FIU will take part. He is obliged to transfer funds from the family capital to the seller within 2 months from the date of the conclusion of the contract between the parties.

Acquisition of a stake

Another way to use maternity capital up to 3 years old is to purchase a share in an apartment or a private house, as well as buy a room.

Nuances:

• Acquisition of a share of residential real estate from relatives (for example, from the spouse's parents) is allowed - the transaction will be carried out on a general basis.
• If, as a result of the redemption of part of the housing, the holder of the Certificate becomes its sole owner, then the former owner is obligatory discharged.
• The FIU strongly discourages buying out shares of real estate from the second spouse (in practice, such transactions are carried out to cash out maternity capital).

As for the room, you can buy any living space. The main thing is that it should not be recognized as an official one and should not be located in a hostel. If the allocated funds are not enough to buy a share, then apply for a loan on preferential terms at a bank under the capital.

Home construction

The construction of a house at the expense of the capital capital can be carried out independently or with the help of contractors. If a contractor is involved in the construction work, then a contract is provided to the FIU. Non-cash funds will be transferred to the company's account.

If all construction work is carried out independently, then the receipt of funds is carried out in stages:

1. 1/2 of the amount is paid before the start of construction. The FIU must submit a certificate of ownership of land and a work permit.
2. The remaining funds will be paid after six months from the moment when the construction work is confirmed.

Mortgage repayment

The use of maternity capital when buying an apartment is allowed to pay off a mortgage loan - the main debt and interest accrued on it. The main thing is that the mortgage was obtained from a bank, and not from an MFO.

Immediately after issuing the Certificate of Maternity Capital, you can visit the bank to complete a loan agreement and make the first payment from the family capital or use it to pay off debt. There is no need to wait until the child is 3 years old.

Tuition payment

Use mat. capital, the family is entitled to pay for the child's education. The category of education does not matter - preschool, primary or secondary. The introduction of this direction ensures the availability of quality education.

At the end of schooling, the funds remaining in the account with the FIU can be used to pay for the child's accommodation in the hostel.

On retire

The use of maternity capital is allowed for the formation of future pension payments for the mother. However, the Russians, as before, do not use this direction for spending budget funds (only 0.2% of citizens-participants redirected payments to accumulate pensions).