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As a voluntary contributor you should contribute 3% of your gross earnings if you are employed by someone else, or 3% of your income, net business related expenses if you are self-employed.
Starting July 1, 2025, eligible "private sector" mortgagors can apply for their 2017 contributions refund. These refunds were previously reversed from their loan accounts, effective January 1, 2025, and posted to their savings accounts for possible refund in hand.
Yes. Pensioners who desire to contribute to the NHT are allowed to register as Voluntary Contributors.
You can get back your total contributions if you fall in any of the following categories Retirees Invalidity Pensioners Expatriates who are leaving the island Agents/Nominees of deceased contributors This is called Special Contributions Refund (According to Section 22 of the NHT Act).
No. You cannot be assessed as a self-employed contributor based on monies received from your husband/spouse.
With the NHT's change in policy, points are only considered when one applies for a scheme loan. You get 20 points for every 52 weeks of contributions made. Additionally, when you have applied for a scheme loan, you will be get between 110 and 70 points depending on the income bracket in which you fall.
Yes, the NHT assists with the deposit in two ways. 1. If you have paid the 5% minimum deposit, and the vendor requires a larger deposit amount, the NHT will assist if the house/lot being purchased is less than the loan that you are eligible for. 2. The NHT will allow you to use contributions not yet due for refund to offset your deposit under the Contribution Refund Towards Deposit (CRTD) facility. Up to 6 years contributions can be used.
If the company is still in existence, verification of contributions can be had from the employer. If the company is no longer in existence and the contributions have not been remitted, those contributions would not contribute towards determining your points.
No. Under Jamaican law, all persons between the ages of 18 and 70 years, who earn at least the minimum wage are required to make NHT contributions.
The first thing you need to do is to register as a Self-Employed person. An assessment will be done by a Compliance Officer who will inform you of the monthly amount you are required to contribute and any back money you might owe, which would need to be cleared up.
If you are an overseas contributor, your contribution is quoted in the currency of the country which you are working. Your payment will then be converted to local currency at the prevailing rate set by the Bank of Jamaica on the date the payment is processed.
All contributors qualify for a Regular Refund. A Regular Refund of each year’s contribution is paid out in the eighth year after the contribution was made.
