Skolasajf students showcase their creativity in HSBC backed recycling competition – 6th September 2022

ĠEMMA, in collaboration with HSBC, has announced the winners from Skola Sajf Earth Hero on a Budget competition which saw over 2,000 children in 327 teams create Superhero costumes with a budget of just €1.50. The winning group from Żejtun primary school was called Ninja Timmy and its members were Ġiuseppe Duca, Kayne Muscat, Joel…

Private Pension Plans: Key Rules

Private pension products available in Malta are governed by rules established by the Malta Financial Services Authority (MFSA). We have prepared a summary of the current rules & tax measure incentives on private pension plans: Your contributions towards a private pension plan are eligible for a tax credit of 25%, up to a maximum set…

Some Pension Tips for Women

Women on average will retire with significantly less money than men, according to studies conducted worldwide, and some one-third of women rely on their partner’s pension as their main source of funding in retirement.  This is putting many women in a vulnerable position, especially if they were to separate or divorce – they may find…

Saving Money for a Rainy Day and the Ensuing Economic Tsunami

High-interest rates discourage investments due to high borrowing costs. Inflation, on the other hand, discourages people from spending as they can buy less with the same amount of money. Central banks use interest rates as a medicine to cure inflation. However, the medicine doesn’t seem to work. Even though the Federal Reserve has increased interest…