Choosing and using Financial products – Infographic
This part of the research looks at how Maltese and Gozitans make a choice with regard to a financial product or service; and the choice they made.
Investment related terms you should know
Below is a list of terms that are frequently used in investment together with their significance TermDescriptionAnnual Management ChargeAdministration charge to cover the services provided. The charge Is usually a percentage of the total fund value.AnnuityAn annuity uses a member’s accumulated pension fund to provide payments at regular scheduled intervals upon retirement.Annual Percentage RateAn annual…
Senior Citizen Grant
Senior Citizen Grant, also known as SCG The €300 allowance was first introduced in 2012 to those aged 80 and over. In 2013, age was decreased to 78 years. In 2014, the age group was widened again and the age was set to 75, allowing more elderly persons to benefit from such a grant. It…
Retirement Plans- Infographic
This part of the research looks at how Maltese and Gozitans plan for their retirement – to complement their social security pension income in order to enjoy during retirement a quality of life that is equal to that enjoyed whilst in employment.
Plan Your Retirement Date, When?
Whether you are in your young adulthood ranging in age from late teens / early twenties up to mid-thirties, in your adulthood from thirty-five years of age up to pre-retirement stage, whether you are working as an employee or a self-employed / self-occupied person, it is never too early nor too late to plan for…
The Cost of Living Allowance: How it affects your income and your pension rate.
Cost of living is the cost of maintaining a certain standard of living. Changes in the cost of living, over time, are often reflected in a cost of living index. In Malta, cost of living calculations are based on the prices of 40 products including food, water and electricity, clothing, etc. which are monitored to…
Our New Investment Menu
Our new Investment menu … a truly comprehensive, educational, interesting, and enjoyable reference tool. We welcome you to explore Gemma’s resources and reading and we hope that each journey will prompt you to question, learn, explore more and share that knowledge with others. Investing: your introductory guide When do you start investing? What to ask a…
Initial Coin Offerings
Initial coin offerings (ICOs) are a way for developers of Blockchain technology to raise development funds. ICOs have been used to raise hundreds of millions of dollars for blockchain-related projects, often with limited information about their goals. ICOs sound similar to initial public offerings (IPOs); however, they are not the same and usually do not…
National Insurance (NI) Contributions for Self Employed in Malta
If you are a self employed individual in Malta, you are still required to pay your National Insurance (NI) contributions. The rate that needs to be paid is of 15% of your net annual income. Watch this video to learn more.
The Importance of Budgeting
What is a budget? A budget is a written plan that helps you know how much money you have coming in, what you need to spend it on and how much can be saved. It helps you keep track your spending patterns. Making a list of all your expenses, you can then compare it against…