How to cash out maternity capital in 2022 after 3 years

2024 Author: James Gerald | [email protected]. Last modified: 2023-12-17 14:00

The state aid program has already covered more than 9.5 million people. Updates were repeatedly announced, indexation was carried out, the amounts increased, the list of opportunities for using the allocated funds expanded. However, there are still not many ways to legally cash out maternity capital in 2022 after 3 years. The extension of the program until the end of 2026 and plans to make it indefinite leave hope that there will be more opportunities to access money.

Proposed innovations

In the media, there were fresh messages about the proposals voiced by the deputies of the State Duma regarding the state program of the capital. If they are accepted for consideration and approved by legislators, then the problem of cashing out maternity capital in 2022 can legally be resolved after 3 years.

Let's consider a number of proposals:

• O. Shein, vice-president of the Russian Confederation of Labor, proposed reformatting the existing system and issuing matkapital in cash. At the same time, he referred to neighboring Ukraine, where such a practice worked. Now an amount is issued there, which has remained unchanged since 2014: ¼ part is paid in a lump sum, and the rest is paid in small portions over the next two years.
• The second proposal came from S. Bessarab. A member of the Duma Committee on Social Policy made a proposal to add a car or minibus for large families who are going to live outside the city or live in the countryside to the list of targeted spending of maternity capital.
• The Ministry of Labor and Social Development announced the third possibility: a document should appear soon, according to which the funds of the MC can be redirected, at the request of the parent, to the formation of a funded pension.
• The latest news cites a pledge by the Russian President to soon reveal the program expansions already planned by lawmakers.

In 2021, changes have already been made to the program. After the Russian Prime Minister signs the corresponding Resolution, the problem of using the allocated funds for the construction of housing will be simplified. Now, in order to compensate for the construction of a new one or reconstruction of an old, unfit for habitation, it is enough to simply provide the Pension Fund with an extract from the USRN that the family owns real estate (a house and a plot under it).

Available opportunities

The size of the capital increased by indexing can still only be used for its intended purpose.

Interesting! Childcare allowance for a child up to one and a half years in 2022

The transformations have so far touched upon such aspects:

• the number of those who can now apply for crediting money to the account;
• duration of action (the program will run until the end of 2026);
• the size of payments for each child (now the mother capital is also charged for the first-born in the family);
• mandatory annual indexation of the amount (it will increase by the percentage of inflation).

The state development program for the next three years provides for the direction of the Ministry of Labor to the budget every year over one and a half trillion in national currency.

Recently, the media reported that, in addition to the material assistance already provided by the Government, legislators proposed to introduce maternity capital for the third and subsequent born or adopted children. Time will show whether the permitted methods of using money will remain or their list will be expanded.

Now, in most subjects of the federation, maternity capital can be spent on the construction or reconstruction of housing, the education of a child or the social adaptation of a disabled child, the formation of a maternal pension.

In some cities, the purchase of an inexpensive car is allowed. Recipients of funds are not always satisfied with the current situation. It is important for some of them to get cash. Therefore, in the global information space, you can increasingly come across questions of how to cash out maternity capital in 2022 legally after 3 years.

Cashing out: legal and illegal

The only way to get cash is only before the baby is three years old. For this, monthly payments are made, but this is possible with a small level of income for each family member, which is confirmed annually by certificates from the relevant authorities.

There are 5 ways to spend MK money:

• housing;
• social adaptation of a disabled person;
• funded pension;
• education of children;
• monthly payment up to 3 years.

There are no other ways to cash out maternity capital in 2022 legally after 3 years. All other variations are illegal and are held accountable.

Do not assume that supervisory and law enforcement agencies are unaware of the existence of illegal schemes and do not monitor such attempts.

Outcomes

To date, there are no legal ways to cash out maternity capital:

1. Such an opportunity could arise if legislators approve it.
2. There is a whole list of ways to materialize MK, and they are all legal.
3. We are considering adding to the list - buying a car.
4. The Russian leader recently announced the expansion of the program.