Some time ago, a law was passed in Russia, according to which women who have given birth or adopted a second child are assigned state aid, which is called "maternity capital".
Initially, in 2007, the total amount of capital was 250 thousand rubles, and by January 2010 it had risen to 343 thousand. In addition, it was decided that the amount of maternity capital will constantly grow and be recalculated in accordance with the rise in inflation.
By law, any woman who has given birth or adopted a second (or more) child can apply for maternity capital, of course, and she must be a citizen of the Russian Federation.
To register maternity capital, you need to provide the following list of documents to the Pension Fund of the Russian Federation at the place of your registration:
• passport of one of the parents;
• certificate of birth (adoption) of a child;
• an insert on the child's citizenship (although now the issue of making a certain mark or stamp on the child's citizenship directly into the birth certificate is being discussed) a certificate of registration of the newborn;
• birth certificate of the first child;
• certificate of pension insurance.
In order to exclude the possibility of profit or other illegal actions in order to receive money from maternity capital, the state made sure that the funds received as benefits can be spent only for specific purposes. Moreover, it is impossible to cash out the maternity capital.
Maternity capital funds can only be used for specific purposes. In 2010, the list of these possibilities expanded significantly.
You can now contribute maternity capital as a down payment to obtain a mortgage or pay off your mortgage.
Maternity capital can be contributed as tuition fees for any of your children under 25, but the list of educational institutions does not include kindergartens and various sections and sports clubs.
The money can be sent to the mother's retirement account. In this case, the indexation of the total amount is provided.
The money of the mother's capital can be spent on the purchase of a car, although this item is in the development plan, but by the end of the year they think to legalize it.
It should be noted that since April this year, you can get 12 thousand at a time, besides, you can spend these funds for any purpose.
An important point in the registration of maternity capital is that documents can be submitted within three years from the date of the birth of the second child.
