In a recent post, we discussed how life expectancy could impact your retirement planning. There are other key factors to take into account when planning for your retirement. The first is inflation. Inflation represents the general sustained increase in prices resulting from the demand for goods. Obviously, the prices of selected goods may increase for…
ĠEMMA is running a financial capability education campaign that is co-financed under the European Social Fund. The campaign is directed towards 14 different categories of persons. As part of its campaign ĠEMMA has launched the following Handbook titled ‘Taħdem fin-negozju tal-familja? Il-bolla hija mod ta’ kif tassigura l-pensjoni tiegħek. Hallasha!’ directed towards persons who are…
An important aspect you need to take into account when you are planning for retirement is determining when you will actually retire. Do you wish to retire on your statutory date of retirement? Do you know your statutory date of retirement? If you do not, these are presented in Table I below. Table I– Understanding…
ĠEMMA is running a financial capability education campaign that is co-financed under the European Social Fund. The campaign is directed towards 14 different categories of persons. As part of its campaign ĠEMMA has launched the following Handbook titled ‘Sibt ruħek bla xogħol u għandek loan?, directed towards unemployed persons. The Handbook is in Maltese and…
Going Back to School is an exercise in planning and preparation which helps to reduce any anxiety that it may cause. Especially in uncertain times such as these, proper planning helps to prioritise and avoid any surprises. On the 25th of August, 6 panellists discussed their opinions, useful tips and shared their experiences on how…
Students intending on furthering their education locally or internationally may incur a hefty expense when deciding which options to consider. Money Management was the topic of discussion in the last webinar conducted by ĠEMMA. In partnership with Bank of Valletta the webinar focused on Money Management and the various tools and products available for students.…
The government pension system was introduced in 1979. It was designed in a manner that the pension income a person receives over time would be 2/3rd of the gross wage of the highest public service salary which in 1979 was equivalent to €13,980. The objective was that the 2/3rd relationship between the pension income and…
