After some solid thought you have decided to invest in a Personal Pension Plan. A number of financial services providers offer Personal Pension Plans. We at ĠEMMA strongly suggest that you shop around before you make a decision. We ask you that, as a minimum, you should take following matters into account: Ask for the…
You start making relationships the moment you are born. Each relationship differs according to the relation we have with the persons in concern. Adolescence lasts for several years from around 11 years of age up 18 years of age or older. It involves all kinds of changes, to your mind, changes in your emotions and…
get the ball rolling Investments vary a great deal from one another and the opportunities available to invest in a flourishing economy are numerous. Each broad investment type—from bank products to stocks and bonds—has its own general set of features, risk factors and ways in which they can be used by investors. Risks are two-fold: There…
Loans are an effective financial tool that helps you achieve your goals. Nevertheless, loans must be used wisely. If you are thinking about borrowing money, consider your options carefully. Types of loans There are two type of loans. The first type is a Secured Loan. A secured loan is when you offer a security in…
The decision to get insurance depends on your circumstances and your stage in life, such as: o Buying a home or renting a home or an apartment. o Starting a business o Buying a new vehicle. Insurance can protect you and your loved ones from financial loss or hardship. Insurance can help cover costs if…
An important aspect of managing your money is that of reducing your expenses. You can achieve this in various ways, as shown below. At the store Resist impulse buying. Ask yourself these questions: Do I really need it? Do I need it today? What if I do not buy it now? Can I purchase it…
Borrowing is, many a time, a convenient way for you to purchase something that you would otherwise take a long time to save up for. For example, home buyers rarely can settle the full cost of a home. Most borrow a large part of the purchase price, except for the down payment as security. Mortgage…
Dear Viewers Today we are celebrating our first anniversary since the launch of our portal – as your independent trusted portal on retirement and financial capability. We have over the past 12 months brought to your attention: Information on the social security contributory pension. Information on money management and financial matters. Information on life events…
The term social security benefits refers to various benefits (contributory and non-contributory) that fall under the remit of the Department of Social Security (DSS) in accordance to the Social Security Act (Cap. 318.) whereby the applicant would receive monetary benefits. Benefits include pension payments to retirees, payments to widowers, invalidity pension payments, maternity payments, payments…
First and foremost, credits are credited contributions by the government and when entitled to, fill the gaps for when there are missing contributions in our contribution history sheet. Do not forget that the pension rate depends on the amount of contributions an employee contributes and credited contributions for which s/he is entitled to. Credited contributions…
