The Russian government has developed a special program designed to financially support families with children. According to the program, families with a second or more child are eligible to receive a cash subsidy in the form of maternity capital. Despite the fact that the program has been operating for several years, many still have problems with the correct exchange of these funds for real needs.
Instructions
Step 1
Contact the branch of the Pension Fund of the Russian Federation at your place of residence. Submit your application and all the necessary documents to provide you with a certificate for maternity capital. Within a month, the commission will consider your request and make a decision, which will be sent by an appropriate letter with explanations to your address. After that, come with your passport to the PFR department and receive a certificate.
Step 2
Consider how you want to dispose of maternity capital funds. It must be remembered that you can use it only three years after the birth or adoption of a second or more child. An exception is the repayment of mortgage loans, which can be made without time limits.
Step 3
Use maternity capital to improve housing conditions. At the same time, funds can be spent on buying new housing, repaying a loan, building a house, etc. The main condition is to find a dwelling on the territory of the Russian Federation.
Step 4
Use maternity capital funds to educate your child. At the same time, the money can be used to educate any of the children if the need for education arises. The restriction in this case is imposed on the age of the child: he must not be more than 25 years old. Exchange the maternity capital for the funded part of the labor pension. You can also get 12 thousand rubles from the amount of maternity capital for the daily needs of the family.
Step 5
Submit an application to the branch of the Pension Fund of the Russian Federation after you decide on the purpose of the exchange of maternity capital. Collect a package of documents that confirms the direction of funds. This can be: a loan agreement, an agreement on the provision of paid educational services, a contract for the construction of housing and other documents.
