The amount of maternity capital in 2020 for the first child

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

At the Federal Assembly on January 15, 2020, Russian President Vladimir Putin announced that maternity capital will be extended until the end of 2026. According to the latest news, the family will also receive assistance from the state for the first child.

Putin on maternity capital for the first child in 2020

According to the latest news, during the President's Address to the Federal Assembly in 2020, Vladimir Vladimirovich Putin announced new conditions for providing Russian families with maternity capital, extending the program and providing for the birth of 1 child.

The aim of the program is to help young families who are just entering family life and want to have children.

The amount of maternity capital for 1 child

Vladimir Putin put forward a proposal to transfer maternity capital from 2020 for the birth of the first child and announced a specific amount. Those parents who have had a child since January 1 of this year will be able to receive a certificate.

The President noted that in 2020 the amount of maternity capital will be 466 thousand 617 rubles. Over time, an annual indexation of the payment is planned.

The specific conditions for registration of funds for childbirth will become known when the necessary law is prepared. It is believed that the mother capital for the first child will be issued according to the same requirements as receiving funds for the birth of a second child.

It is logical to assume that only women who have Russian citizenship who gave birth to a child no earlier than January 1, 2020 will be able to receive the certificate. The kid must have Russian citizenship.

Payment procedure for the first child

It is assumed that within 18 months, the specified amount of maternity capital is allocated to the newly-made family as a support benefit in addition to payments that are also due to parents until the child reaches one and a half years of age.

In some regions, the amount of the monthly payment may be different and depends on the indicators of the subsistence level established in a particular city or region.

The transfer of funds is planned to be made immediately, and not after 3 years, as in the case of the birth of the second child.

Interesting! There will be free hot meals for children in 2020

How to apply for maternity capital in 2020

To receive maternity capital in 2020 for the first child, it is necessary to draw up and send an application to the Pension Fund of the Russian Federation, as well as submit a package of documents. The applicant, as a rule, is the mother of the child, and it is she who has the right to receive funds.

The following documents will be required:

• passports of both parents;
• birth certificate of a child;
• SNILS of the applicant;
• a record that the child has Russian citizenship;
• if the child was adopted, a document confirming the adoption;
• upon adoption - a court decision.

Additionally, you may need documents:

• certificate of marriage or divorce;
• birth certificate of the child's mother (applicant);
• paternity certificate.

The applicant must submit the original documents, and the duplicates will be made by the FIU staff. A certificate for obtaining a maternity capital can be issued to the applicant in electronic form and not only in the Pension Fund, but also in the multifunctional center (MFC) or on the portal of public services.

Expenditure of maternity capital funds

The money, most likely, can be spent on the same needs that are currently envisaged:

• to improve the quality of housing;
• for the education of the child;
• as a funded part of mom's retirement benefit;
• as compensation for the purchase of goods and services for a child with a disability.

Interesting! Changes and new criteria for disability in 2020

The exact list of areas for which the funds of the mother capital can be spent will be known when amendments to the law appear. You can spend them until the child is three years old only for:

• initial payment on a loan or loan for housing;
• payment of the principal debt on a residential real estate loan;
• payment for the education of preschoolers;
• payment for goods intended for the life of a disabled child.

In addition, most likely, one more condition will apply, which is provided for when using maternity capital at the birth of a second child. The housing purchased for the money of the mother capital will need to be formalized as a common shared property of the child and the parents.

Summarize

1. In accordance with the latest news, Russian President Vladimir Putin announced that the maternity capital program is being extended until 2026. He also offered to pay funds to newly-made parents, that is, for the first child.
2. Young spouses who have 1 child can count on a mother capital in the amount of 466 thousand 617 rubles, which can be assigned in the form of a monthly allowance or as payment for a loan, a mother's funded pension, payment for a child's education, or compensation for purchased goods disabled child. The specific payment procedure will be established after the law is passed.
3. The proposal to provide families at birth, according to the President, will help citizens who enter into family relationships and want to have a child.