Eligibility criteria – Parents employed in the private sector, with children under 16 years of age, who, as of 8th March 2020, due to the impact of COVID-19, are not able to work from home, cannot go to work to take care of their children. (Does not include employees, working with private companies, and…
Has the COVID-19 situation since 8th March 2020 resulted in you losing your job (full time or part time) with your private sector employer? If so you are eligible to apply for the Additional Unemployment Benefit. To qualify for the Additional Unemployment Benefit you are to register for work with Jobs+. To register for work…
Whether you are self-employed or a company the Government is providing financial support – the level of which depends according to the sector you operate in. This is explained in the Table below. Critically Hit Business Sectors These are: Certain wholesale activities Certain retail activities Accommodation Food and beverage service activities Rental and leasing of…
The Government has introduced a scheme that allows you to postpone payment of the taxes presented below – and thereby providing you with liquidity to manage you cash flow in this difficult time. THE SCHEME CLOSES THIS WEDNESDAY – 15TH APRIL 2020. MAKE SURE THAT YOU APPLY IF YOU BELIEVE YOU SHOULD BENEFIT FROM IT. …
The most important measure that you need to take at this point in time is that of seeing how much cash you actually have on hand right now – and the essential payments you need to make. Be clinical and set up a strategy. We present 4 tips that you should take into account in…
The Banks have issued a number of measures to ease the financial stress that families or businesses face because of the Covid-19 virus. The ĠEMMA team suggests that you speak to your bank or access its website to see what these measures are and how these may benefit you. We further recommend that you look…
In situations like this, loan sharks will target you. They may appear friendly and if you keep up your repayments, they might stay that way. But the reality is, even if you do, any money you borrow will come at a very high price. There are many risks attached to borrowing from a loan shark:…
As the entire world anxiously monitors and battles the spread of the Coronavirus (COVID-19) with all its resources, it seems that the novel virus continues to bring growing concerns to every home and industry alike. Today in the Tech world, cybercriminals are preying on the increasing global fears and misconceptions surrounding the virus. Using sophisticated…
One of ĠEMMA’s strategic thrusts is that of working with the Education Division and other partners to inculcate financial capability among children and teenagers so that they understand better how to manage their money to avoid financial difficulty now and in the future is on. The OECD recognising that the low level of financial literacy…
