COVID-19 and Your Money Management: Post 6

The Government has introduced a scheme that allows you to postpone payment of the taxes presented below – and thereby providing you with liquidity to manage you cash flow in this difficult time.  THE SCHEME CLOSES THIS WEDNESDAY – 15TH APRIL 2020.  MAKE SURE THAT YOU APPLY IF YOU BELIEVE YOU SHOULD BENEFIT FROM IT. …

COVID-19 and Your Money Management: Post 5

The most important measure that you need to take at this point in time is that of seeing how much cash you actually have on hand right now – and the essential payments you need to make. Be clinical and set up a strategy. We present 4 tips that you should take into account in…

COVID-19 and Your Money Management: Post 4

The Banks have issued a number of measures to ease the financial stress that families or businesses face because of the Covid-19 virus. The ĠEMMA team suggests that you speak to your bank or access its website to see what these measures are and how these may benefit you. We further recommend that you look…

COVID-19 and Your Money Management: Post 3

In situations like this, loan sharks will target you.  They may appear friendly and if you keep up your repayments, they might stay that way.  But the reality is, even if you do, any money you borrow will come at a very high price. There are many risks attached to borrowing from a loan shark:…

COVID-19 and Your Money Management: Post 1

As the entire world anxiously monitors and battles the spread of the Coronavirus (COVID-19) with all its resources, it seems that the novel virus continues to bring growing concerns to every home and industry alike. Today in the Tech world, cybercriminals are preying on the increasing global fears and misconceptions surrounding the virus. Using sophisticated…

Low Income Employed Persons

Last year, ĠEMMA launched a long term financial education campaign – which will close in the 2nd quarter of 2021. The financial capability campaign targets the following cohorts of Malta’s population: o Persons in low income employment. o Persons in unemployment. o Self-employed persons. o Family members working in family businesses but not paying a…

Does it Serve Me to Invest in a Voluntary Occupational Retirement Pension Scheme (VORPS)?

Employee turnover costs can have a significant impact on your bottom line. Calculating the direct costs of employee turnover is usually quite straightforward. Direct costs, in the main, consist of: (i) Time invested in to process termination: exit interview, administration related to the termination process (Job+, Inland Revenue, Social Security, etc.), collection of company property,…