Maternity (family) capital

Maternity (family) capital is the Government support of the families, which after 1^st January 2007 gave birth or adopted the second* child or the third, fourth or subsequent children, if the right to maternity capital was not registered before birth (adoption) of previous children.

*hereinafter - "the second child"

The Government increases the maternity capital every year:

In 2007 - 250 000 rubles In 2008 - 276 259 rubles In 2009 - 312 162.5 rubles In 2010 - 343 378.8 rubles In 2011 - 365 698.4 rubles In 2012 - 387 640 rubles

You can receive the Government maternity (family) capital certificate in the domiciliary PFR Office. The time to apply for the certificate is independent of the child's age.

3.3 million Russian families have already received maternity capital certificates.  

You can spend the maternity capital to:

• housing improvement: to buy housing, to pay off mortgage loans, or to build a house;
• any of the family children's education: in kindergarten, institutions of high education, institutions of higher education, postgraduate course. As well as to pay for hostel the child lives in;
• to augment the mother's future accumulative pension.

You can use the maternity capital to these three aims only after three years after the second child's birth or adoption. You can apply for maternity capital use to the domiciliary Pension Fund Office.

Exception: you can use the maternity capital to pay off mortgage loans before the child's three years, independent of the date of mortgage. Earlier it could be used only to pay mortgage loans received before December 31, 2010. This limitation has been abolished!

More than 2 million Russian families have already used the maternity capital. More than 300 thousand families have used the maternity capital to improve housing.

In 2011 the time for maternity capital transfer was shortened. The time of the capital's transfer does not exceed 2 months from the date of application to the PFR.