When you know your needs, your goals and your risk tolerance. When you have done an investment plan, outweighing different types of products, and choosing the one that best suits you, among many alternatives. When you have checked all the charges involved. When you have got plenty of money in your cash savings account –…
Claiming a pension at state pension age (as per new pensions reform), not at the age of 61 (early-opt-out) and remaining in employment beyond retirement has a lot of positive benefits: to boost your pension to keep fit and active to enjoy a higher quality of life (basically two incomes – a pension and a…
Maltese persons who maintain an ordinary residence in Malta and are employed on a contract of service abroad, not in an EU state and/or with an institution of the EU, WHO, ILO, UN and who do not pay national insurance contributions (NI) in the country of employment have the option to pay a…
Investment … to put money to use; financial products are something you buy or put your money into to get a profitable return; such as compound interest products. The simplest way to save is to put a sum of money aside and continue adding to it periodically. However, money saved in this way is not…
Prices increase (inflation) and thus everybody would want their incomes to increase so as to keep up with rising prices. Obviously, prices of selected goods may increase for reasons unrelated to inflation. For example, the price of vegetables and fruit may rise when they are in shortage due to either heavy rainfalls or droughts. With…
Increasingly, have you been hearing more and more about crypto-currencies? … which is one form of crypto currencies, has become part of our language. Yet most of us do not know what crypto currencies are and how they work. This is a link to a short BBC feature which explains in a simple manner what…
Under the European Social Fund project titled ‘Knowledge, Training, Communications and Support Measures in Support of Vulnerable Groups’ (ESF2.63) the Malta Council for the Arts, Science, and Technology (MCAST) partnered with the Retirement and Financial Capability Group (RFCG), within the Ministry for the Family, Children’s Rights, and Social Solidarity to design and launch a training…
By now, you would have surely read our first post related to saving on the back-to-school list. By acting wisely, the necessities for school will not become a financial burden every September. Do not shelve any idea that leads to saving. Wise choices pay off. Time spent planning is worth it. Make your ideas known. – Find…
towards a financial plan and products that are right for you now and in the future If you decide to see a financial adviser, especially if it is your first encounter, you should plan in advance by pulling together your relevant paperwork, your financial goals and a list of questions to ask. An advisor will…
When you decide to save money, you have taken the first step towards making a budget. In order to save, you must plan and act wisely by deciding what kind of budget will work best for you This could be done by trying to take into consideration past spending. The most difficult part of budgeting…
