Find My Benefits

Are you aware of the benefits offered by the Social Security Department? Social Security Benefits are not only for those who are unemployed, sick or have the care and custody of their children. Nor can they be associated solely with retirees and surviving spouses. The Department provides a wide range of benefits under provisions of…

Credit Card – Safeguard Yourself

Vigilance is crucial so take all the precautionary steps : Verify the trustworthiness of the online vendor – Look for “secure transaction” symbols. Compare card transactions with the actual receipts – any suspicious or unknown transactions? When keying in your PIN, cover the keypad so others cannot see. Be sure that you get your card…

Kids Getting Budget Savvy!

14 August 2019 Kids Getting Budget Savvy! HSBC Malta Foundation and the Retirement and Financial Capability Group (RFCG) within the Ministry for the Family, Children’s Rights and Social Solidarity, through its Ġemma initiative, are collaborating on a financial literacy programme aimed at young children attending a number of Skolasajf centres this summer. Central to this…

Government Bonuses

In Malta, Government Bonuses are fixed as indicated below and obligatory, whereby payments are made by the employer (whether public or private) to the employee. The full statutory (government) bonuses and the weekly allowance entitlements are issued as follows: End of June €135.10 covering period January to June End of December €135.10 covering period July…

A Note To Readers

GEMMA.GOV.MT is an informative website on financial literacy and retirement planning. Its’ aim is to serve as a practical and comprehensive guide to readers, in whichever stage in their life cycle they might be, being teenagers, employees, self-employeds, parents as well as pensioners in their everyday financial planning by the use of simple calculators and…

Compilation of Pension whilst in Homes – Hospital

Admission into a home for the elderly The population continued to climb at a record rate. Age population has been increasing and more elderly might require the service of a care home. There are government homes, as well as homes which are privately owned. There are also beds in private homes purchased by the government…

TEENS

Set a monthly budget for your expenses. Find a job to learn the value of earning for a living. Separate savings money from spending money. Learn the difference between a debit card and  a credit card. Prioritise the things you need to buy over the things you want to buy. Learn price consciousness – how…