Can I Transfer NHT Benefit Or Contribution To Someone Else?

by Julie
(Canada)

Question by Julie:
Can I Transfer NHT Benefit Or Contribution To Someone Else?

If you are a member of the National Housing Trust, can you turn over your contributions to someone else?


Answer By Wellesley, July 2014
Hi Julie,

Thanks again for your question.

I made some checks with the National Housing Trust (NHT), Montego Bay office, and in a nutshell, they stated the following:

1)You cannot transfer contributions to someone else but..
2)You can transfer the benefit to someone else.

So yes, there cannot be a transfer of contributions but there can indeed be a transfer of the approved benefit that the person would have 'earned'.

In order for the benefit of person A to be transferred to person B though, both persons will have be actively contributing to the trust.

Person A would also need to visit the NHT office to effect that transaction as a part of that process he or she will be required to sign a declaration form that they are agreeing to the transfer of benefits and will not be eligible for any future NHT benefits.


Note: For more about the NHT, please visit our NHT page. It also includes their contact information.

Regards,
Wellesley

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