Have you been making contributions to the National Housing Trust, NHT? According to the National Housing Trust Act, 1979, you can claim a refund of your contributions under certain conditions as outlined below.
What Documents Do I Require to Claim Refunds?
You need a valid national ID, a National Insurance Scheme (NIS) certificate and a Tax-payer Registration Number (TRN) document (card).
When Can I Claim a Refund of my Contributions to the NHT?
You can within 12 months after the 7th anniversary of the end of the first contribution year.
If you started June 1999, the end of the first year of contribution is June 2000. It means you can claim within 12 months after June 2007.
How Much Can I Claim from the NHT?
You can claim a refund equivalent to the contributions made during the first contribution year together with any bonus awarded thereon. Please see Section 17 of the Act for details.
Further Claims for Refund
Further claims can be made within 12 months after the end of every contribution year.
Refund Amount for Further Claims
You can claim further refunds equivalent to the contributions made during the year immediately after that on which the calculation in relation to a previous refund was based, together with any bonus awarded on such contributions.
Do Employers Qualify for Refunds from the NHT?
The Act states that refunds shall not apply to contributions made by any person as an employer.