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Is it possible to cease the payments to our RESP?

We opened a second plan and would like to stop our payments with Universitas. What will happen to our money? Can we transfer it to the other RESP account?

Question from: Anonymous

OUR ANSWER

Yes, it’s possible to stop the contributions to your RESP.

You can keep your savings at Universitas or transfer these to another RESP promoter. You have several options, depending on your situation and the plan you opened.

To fully understand impact of such a transfer and the fees that could ensue, please contact our Customer Service. One of our agents will review your file and give you more details about your RESP to help you make the best decision.

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