Low Income Employed Persons

Last year, ĠEMMA launched a long term financial education campaign – which will close in the 2nd quarter of 2021. The financial capability campaign targets the following cohorts of Malta’s population: o Persons in low income employment. o Persons in unemployment. o Self-employed persons. o Family members working in family businesses but not paying a…

Does it Serve Me to Invest in a Voluntary Occupational Retirement Pension Scheme (VORPS)?

Employee turnover costs can have a significant impact on your bottom line. Calculating the direct costs of employee turnover is usually quite straightforward. Direct costs, in the main, consist of: (i) Time invested in to process termination: exit interview, administration related to the termination process (Job+, Inland Revenue, Social Security, etc.), collection of company property,…

ATM Scam

Just like any computer devise, ATM have vulnerabilities. Thus, they are open to being hacked. The majority of ATM frauds involve a level of physically manipulating parts of the machine or introducing devises. Scams can include: Skimming: this normally involves the installation of a card reader device (skimmer) and a keypad overlay or pin hole…

Understanding VORPS

The Voluntary Occupational Retirement Pension Scheme (VORPS)download our presentation now This planning for the future is to be given serious thought since today’s retirees, at sixty-five (65) years old, due to the present life expectancy, still feel energetic enough to be considered as if they are fifty (50) years of age , and thus they…

Senior Citizen Grant

Senior Citizen Grant, also known as SCG The €300 allowance was first introduced in 2012 to those aged 80 and over. In 2013, age was decreased to 78 years. In 2014, the age group was widened again whereby the age was lowered to 75, allowing more elderly persons to benefit from such a grant. It…

Teenagers

First and foremost, your very first step towards improving your financial capability is a reflection of your present situation. Questions that will help you think  How much effort are you putting in managing your own money?  Are you keeping track of what you are spending in a day, week, or month? Do you…