If you have multiple debts – more than one credit card, home loan, car loan – have you ever wondered what strategy you are to adopt to pay off your debt. Earlier this quarter ĠEMMA posted a series of articles with regard to debt. These included tips to reduce the cost of your credit card…
IMPORTANT. The information below has been superseded with newer information, and therefore please note that the information below may no longer apply. Kindly refer to https://socialsecurity.gov.mt/en/ for the most up-to-date information. ĠEMMA on 3rd November held a webinar on key matters that one should be aware of with regard to the social security contributory system. …
It is important that you note that you must have paid a minimum threshold of social security contributions for you to qualify for the Social Security Contributory Pension. The amount of social security contributions that you must pay depend on your date of birth. These are presented in the Table below. Date of BirthTo Qualify…
An overdraft is a way of borrowing money from your bank, linked to your current account – basically so you can occasionally spend more than you have. A bank overdraft can be authorised or unauthorised: Authorised overdrafts are arranged in advance. You agree a borrowing limit with your bank, and you can spend money up…
After some solid thought you have decided to invest in a Personal Pension Plan. A number of financial services providers offer Personal Pension Plans. We at ĠEMMA strongly suggest that you shop around before you make a decision. We ask you that, as a minimum, you should take following matters into account: Ask for the…
Prior to investing your savings into a private retirement pension product or any other savings or investment product, it is important that you think carefully about your unique needs and overall financial situation. This will allow you to determine whether the investment is right for you. The following are matters you should take into account:…
Retrospective – If you stop working for a period during your working life and resume at a later stage, your state pension may be affected. If you do not have a full contribution record, you risk not qualifying for the full two-thirds pension. This means you will have a reduced pension income. If you are…
The Handbook is in Maltese and provides guidance and tips in relation to: A self-employed person’s obligations under the laws of Malta. Importance of paying yourself a wage as well as family members who work with you. Separating immediately on being paid the amount you need to pay for VAT and income tax purposes. Importance…
ĠEMMA is running a financial capability education campaign that is co-financed under the European Social Fund. The campaign is directed towards different 14 categories of persons. As part of its campaign ĠEMMA has launched the following handbook titled ‘Taħdem għal rasek?’ providing guidance and tips to persons who are self-employed on financial capability and money…
Click below to download the ĠEMMA e-Book on How to Go Self-employed in Malta. Click here to see the ĠEMMA Webinar on being Self-employed. On 30th September, ĠEMMA organised a webinar on being self-employed. During the Seminar, Mr David Spiteri Gingell launched its e-Book on how to go self-employed in Malta. The eBooks provide information…
