How to withdraw money from the parent capital

In the pursuit of increasing fertility, the government provides a tempting incentive – the parent capital. But mothers who want to avail these finances, face a problem: the government clearly limits the list of reasons to cash out equity. Thus, to remove the corresponding amount of law becomes difficult.

You will need

• – the certificate on the parent capital;
• – executed document of title of the mother or her legal husband on a land plot intended for individual housing construction;
• – construction permit;
• – documents of the right of ownership of the house (in case of reconstruction);
• – the documents confirming execution of works on expansion of residential areas into account the norm set by the housing legislation of the Russian Federation (in case of reconstruction).

Instruction

1. Contact territorial office of the Pension Fund at the place of residence for the payment of a monetary contentment in the amount of 12 000 rubles. This amount shall be deducted from the cost of the parent capital and provided no explanations to all the families with a certificate.
2. Gather your documents to apply depending on for what purpose you want the funds of the parent capital. The state provides several goals for the direction of the financial means of the parent capital for house construction, reconstruction of residential buildings with an increase in the area or compensation for self-reconstruction. In the first case the mother or her legal spouse must provide documents confirming their right to possession of the land.
3. Complete package of documents evidence of implementation or the need for repairs in the case that housing construction requires expansion. It should be remembered that the state reglementary the number of square meters depending on the number of family members. The state also reserves the family the right to work and receive a cash payment on completion of works
4. Submit the relevant documents to the territorial office of the Pension Fund at the place of residence.
5. Attach to the package of documents the Bank account number of the certificate owner. Maternity capital will be cashed immediately after consideration of the application. In that case, if the family is going to do the construction of the house, the state will transfer the amount of the parent capital at 100% size. In two other cases, the amount is transferred in two stages in equal shares. The first part goes at the expense of the owner of the certificate immediately after consideration of the application and the second 6 months after its approval. During this time, the family must provide to the regulatory authority the documents proving the work.