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15April2015

Overview of the Law no. 6337 which introduces government support and grants on Marriage, Housing and Child

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Law 6337 amending certain laws and enactments introduces certain government grants and support in the Family and Social Policies enactment enumerated 633:

Supplementary Article 2 – Marriage Savings Account and Government Benefit (entry into force: 07/04/2015)

Supplementary Article 3 – Mortgage Savings Account and Government Benefit (entry into force: 07/04/2015)

Supplementary Article 4 – Child Birth Benefit (entry into force: 15/05/2015)
 

Marriage Savings Account and Government Benefit


Beneficiaries:

- Turkish Citizens
- Those within the scope of 5901 Law on Turkish Citizenship, article 28 (blue-card owners).

Eligibility:

- To open a Turkish currency 'marriage savings' bank account with a bank that is within the scope of Law on Banking no. 5411
- To keep the account active for a minimum of 3 years
- To have gotten married before turning 27
- To apply to the bank following official marriage
 
Benefit Amount:
The Government can contribute up to 20% of the marriage savings account balance. The maximum amount is capped at 5.000 TL (the maximum amount is revised annually. The Cabinet is authorized to increase the maximum amount up to three times).

Ban on Seizure:
Provided that the eligibility conditions are justified, the entire government support balance and the marriage savings account balance portion, that amounts to annual minimum wage salary cannot be seized, pledged or made subject to bankruptcy proceedings.
 

Home Savings Account and Government Benefit

 
Beneficiaries:

- First-time home-buyers that hold Turkish citizenship

Eligibility:

- To open a Turkish currency 'home savings' bank account with a bank that is within the scope of Law on Banking no. 5411
- To keep the account active for a minimum of 3 years
- Use the funds in buying a residential house within the borders of Turkey

Amount:
 
The Government can contribute up to 20% of the marriage savings account balance. The maximum amount is capped at 15.000 TL (the maximum amount is revised annually. The Cabinet is authorized to increase the maximum amount up to three times).
 

Child Birth Benefit


Beneficiaries:

- Turkish citizen / blue-card holder parent of a new born
- If both parents are Turkish, only mother.
 
Amount:

300 TL for the first child
400 TL for the second child
600 TL for the third child
 
Exception:
 
Public employers who receive child birth benefit under individual or collective agreements may not receive the government child birth benefit unless their received benefit is lower than the goverment amount stated above, in which case they can only apply for the residual amount.
 
Ban on Taxation and Seizure:
 
Child birth benefit is exempt from taxation and cannot be seized.
 
Benefits wrongly claimed will be subject to repayment with interest rate, as regulated in the article 51 of Law 6183.
 

Written by Zeynep Uçar Tagney, Posted in Taxation Law

About The Author

Zeynep Uçar Tagney

Zeynep Uçar Tagney
Boss Governance, Lawyer.
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