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.
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…
Budgeting is widely accepted as being a valuable tool for money management and a component of financial literacy. This section looks at how Maltese and Gozitans go about their day to day financial planning competencies relating to creating and using a budget and managing income and expenditure, as well as longer term planning competencies such…
Banks offer various financial packages to cater for different stages in one’s life. Amongst the diverse accounts, you can start by opening a current account which is an account from which money may be withdrawn without notice. It is typically an active account catering for frequent deposits and withdrawals by cheques. This type of account…
Financial knowledge is an important component of financial literacy for individuals, to help them compare financial products and services and make appropriate, well-informed financial decisions. This part of the research assesses the extent of Maltese and Gozitans’ basic knowledge of financial concepts, and the ability to apply numeracy skills in a financial context, ensures that…
Beyond the long list of costs related to buying a home, maintaining a home costs money, too. In this section, you’ll find information about the types of essential expenses you will need to budget for. Mortgage Payments This will be one of your biggest on-going expenses. Speak with your bank about automatically deducting your mortgage…
The Retirement and Financial Capability Group within the Ministry for the Family, Children’s Rights, and Social Solidarity launches a two year communication and awareness campaign on financial capability that is co-financed under the European Social Fund programme – Project 2.63: Knowledge, Training, Communications and Supports Measures in Support of Vulnerable Groups. The campaign is designed…
This part of the research looks at how Maltese and Gozitans have set goals and whether they have made plans for their retirement.
Targeted towards families having an annual income from a gainful occupation and with children below 23 years of age living within their household. The benefit of this initiative is to encourage the unemployed to join the workforce as well as assists the following categories: single parents in employment who earn more than €6,600 and less…
This part of the research looks at whether Maltese and Gozitans experienced a situation when their income does not quite cover their living costs and the strategies they used to meet such a shortfall.
