Maternity capital: what can you use it for in 2022

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

Parents want to know what it is possible to spend maternity capital on in 2022, in addition to the previously known goals (for the purchase of real estate and payment for educational services).

Maternity capital in 2021-2022

A certificate for obtaining a mother capital is issued without an application. After the birth of the child, the document automatically appears in the mother's personal account on the State Service portal. Birth information is sent by the state registration authorities (ZAGS). The pension fund forms the document.

The certificate for the capital is received in electronic form. To arrange payments, you need to collect documents and submit to the Pension Fund. This is done through the portal of the State Service or a multifunctional center.

Since 2020, according to federal law, maternity capital is paid not only when the second child appears, but also the first. The payment for the birth of the first child is 483,000 rubles. 155,000 rubles are allocated for the birth of the second. At the birth of the third, 450,000 are allocated to pay off the mortgage.

If the parents did not receive payments for the birth of both children until 2021, then the amount of 639,432 rubles will come to the family at a time. In 2022, assistance for the appearance of a second child will amount to 665 thousand rubles (taking into account payments for two children at once).

The main condition for obtaining maternity capital: the mother and children must be citizens of Russia. In this case, neither mandatory registration nor binding to any region is required.

Maternity capital can be spent in parts or purposefully, for example, on the purchase of real estate or payment of tuition fees at a university.

You can change the direction of payment at any time before you start using it.

What can maternity capital be used for in 2022

The list of possible expenses is expanding every year (realities of life affect). But the five main areas of payments remained.

Improving housing conditions means:

• purchase of housing (house or apartment);
• construction (construction of a residential building);
• renovation of the living quarters when the living space should increase.

Transfer of funds for payment of educational services includes:

• training at a higher educational institution;
• additional education;
• paid services for educational programs;
• keeping children in an educational organization;
• use of a hostel at an educational institution.

1. Formation of the funded part of the pension of a woman who has given birth or adopted a child.
2. Spending on goods and services for disabled children.
3. Monthly child support payments for low-income families.

How the funds are transferred

Payments are credited to the applicant's account upon submission of documents. The required amount is allocated by the Pension Fund. If the maternity capital is spent in parts, the remaining amount is indexed. Maternity capital funds in 2021 were indexed by 3.7% (inflation rate). In 2022, the indexation will be 4%.

Interesting! How to cash out maternity capital in 2022 after 3 years

The transfer of capital is carried out by bank transfer. This is how the path of federal payments is tracked. In some cases, the family receives funds in cash:

• With a low income, a monthly allowance is issued.
• When buying a home from relatives. A family with children must draw up documents for all members and live in this place.
• The costs of a disabled child are offset by partial payments.
• At first, half of the requested funds are allocated for the reconstruction of housing or the construction of a house. After 6 months, when most of the work is done, the family receives the remaining amount.

For clarifications on payments, contact the specialists of the Pension Fund.

Other schemes for cashing out mother capital are recognized as fraudulent and punishable by law.

How to find out how much unspent funds are left

An account statement is received when applying to the Pension Fund. In your personal account on the State Services portal, you can track all spending on the capital. When submitting a personal application to the Pension Fund, you must present your passport and certificate. The staff will verify the identity of the owner.

The application can be submitted by a proxy by presenting documentary confirmation from a notary.

Targeted spending of matcapital in 2021-2022

What can maternity capital be used for in 2022.

Payment of mortgage payment

The loan can be taken from the moment the baby is born and paid until the child is three years old.

Conditions:

• real estate must be pledged by the bank;
• to the Pension Fund you need to prepare all the documents from the credit institution;
• the installment can be the first or the next.

Improving living conditions

Parents choose to expand the living space or buy a new one. Credit or borrowed funds are extinguished with matkapital. Parents pay off the mortgage, build a new house, buy a dacha.

Conditions:

• the premise (dacha) is recognized as residential;
• the child must be three years old;
• each baby should be allocated a share in the new room;
• the land plot must be recognized as suitable for individual housing construction;
• a new building is registered in Rosreestr in accordance with all the rules.

Education

State Duma deputies came up with an initiative to allow the spending of materiel funds for the education of the mother.

In search of a higher-paying job, the mother or father can be helped by raising their qualifications at the expense of the mother's capital. Assuming that the money will go towards specialized or higher education, this will help parents not to be afraid of tomorrow.

The crisis in the country, the increased unemployment do not allow finding a job, especially with the prospect of development. Parents of young children have to work where they are paid. Even if the conditions are not quite right.

Interesting! Personal property tax in 2022

On the other hand, there are cases that a woman has lost her qualifications during the period of parental leave. I could not finish my studies and get the desired profession. Fathers who are busy raising children also do not think about their needs and put an end to their careers.

If in 2022 the State Duma adopts amendments to the law on spending materiel funds, this will give young parents an opportunity to improve their lives. In the future, they will be able to get a decent education or improve their existing qualifications. A high-paying job will allow parents to spend more money on the family.

While such a law is being worked out, the funds of the capital can be spent on the education of children.

Educational services for children

Regardless of whether payments were received for the first or second child, both or one can study at the expense of the mother capital.

Conditions for transferring money:

• daytime education;
• age is limited to reaching 25 years;
• the institution must have the status of a legal entity.

Mother's funded pension

When the parent reaches retirement age, she will be able to receive an increased pension. Until that time, funds are kept in a personal account.

The money can be entrusted to a non-state pension fund. If the choice changes, funds are withdrawn for other purposes.

Outcomes

What can maternity capital be used for in 2022:

• mortgage payment;
• repayment of loans taken earlier.

Parents primarily improve their living conditions.

The education of children, a pension for the mother, the purchase of goods and services are also convenient and affordable for the use of maternity capital.