{"id":5245,"date":"2021-10-08T11:19:14","date_gmt":"2021-10-08T09:19:14","guid":{"rendered":"http:\/\/weekly.uhm.org.mt\/?post_type=article&p=5245"},"modified":"2021-10-08T11:21:37","modified_gmt":"2021-10-08T09:21:37","slug":"gwida-biex-tifhem-ahjar-kif-jahdmu-l-pensjonijiet-privati","status":"publish","type":"article","link":"http:\/\/weekly.uhm.org.mt\/en\/article\/gwida-biex-tifhem-ahjar-kif-jahdmu-l-pensjonijiet-privati\/","title":{"rendered":"\u0120EMMA\u2019s Private Pension Plans Jargon Buster Guidebook"},"content":{"rendered":"\n
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Government\u2019s policy is to encourage savings in such pension plan products \u2013 either on an individual level or on an employer basis. The State pension is designed to provide a person with an adequate pension income that provides dignity in retirement.<\/p>\n\n\n\n

Download<\/em><\/a> the \u0120EMMA Private Pension Plan Jargon Busters<\/em><\/p>\n\n\n\n

The State pension, however, is not designed to provide a pension income that provides a replacement rate that is close to the gross basic wage or income enjoyed in employment. This is particularly true for those whose wage or income exceeds the maximum pensionable income ceiling on which an individual\u2019s social security contribution is paid. This can be seen from the example presented in the Table below.<\/p>\n\n\n\n

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\u0120EMMA underlines the importance of complementing one\u2019s State pension with a further income to boost one\u2019s disposable income during retirement. Investing in a voluntary pension plan is a decision that \u0120EMMA strongly recommends.<\/p>\n\n\n\n

\u0120EMMA recognises, however, that voluntary private pension plans are still new to Malta and the framework and terminology surrounding such plans is unfamiliar to most persons.<\/p>\n\n\n\n

\u0120EMMA emphasises that a financial decision should be an informed one \u2013 and one that fits your personal financial and\/or life cycle. This Private Pensions Plans Jargon Buster Guidebook is designed to help you become somewhat more familiar with the technical terms of voluntary pension plans. The objective of this guidebook is to assist a person who wants to invest in voluntary private pension plan to engage in an informed discussion with a Pension Plan Provider.<\/strong><\/p>\n\n\n\n

This Private Pensions Plans Jargon Buster seeks to omit the technical jargon used by pension plan providers and seeks to explain these in a simplified manner. \u0120EMMA recognises that in certain instances this has not always been possible to achieve. \u0120EMMA invites persons and pension plan providers to present suggestions on how this guidebook can be simplified further. Such suggestions are kindly to be sent to the attention of the \u0120EMMA Team at gemma@gov.mt<\/a>.<\/p>\n\n\n\n

\u0120EMMA thanks APS Bank for assisting it in the production of this Guidebook. Visit the \u0120EMMA Facebook<\/a> page and give us a like!  <\/p>\n","protected":false},"excerpt":{"rendered":"

Government\u2019s policy is to encourage savings in such pension plan products \u2013 either on an individual level or on an employer basis. The State pension is designed to provide a […]<\/p>\n","protected":false},"author":10,"featured_media":5014,"menu_order":0,"comment_status":"open","ping_status":"open","template":"","format":"standard","meta":{"_mi_skip_tracking":false,"spay_email":""},"issuem_issue":[240],"issuem_issue_categories":[222],"issuem_issue_tags":[],"translation":{"provider":"WPGlobus","version":"2.8.8","language":"en","enabled_languages":["mt","en"],"languages":{"mt":{"title":true,"content":true,"excerpt":false},"en":{"title":true,"content":true,"excerpt":false}}},"_links":{"self":[{"href":"http:\/\/weekly.uhm.org.mt\/en\/wp-json\/wp\/v2\/article\/5245"}],"collection":[{"href":"http:\/\/weekly.uhm.org.mt\/en\/wp-json\/wp\/v2\/article"}],"about":[{"href":"http:\/\/weekly.uhm.org.mt\/en\/wp-json\/wp\/v2\/types\/article"}],"author":[{"embeddable":true,"href":"http:\/\/weekly.uhm.org.mt\/en\/wp-json\/wp\/v2\/users\/10"}],"replies":[{"embeddable":true,"href":"http:\/\/weekly.uhm.org.mt\/en\/wp-json\/wp\/v2\/comments?post=5245"}],"version-history":[{"count":2,"href":"http:\/\/weekly.uhm.org.mt\/en\/wp-json\/wp\/v2\/article\/5245\/revisions"}],"predecessor-version":[{"id":5249,"href":"http:\/\/weekly.uhm.org.mt\/en\/wp-json\/wp\/v2\/article\/5245\/revisions\/5249"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/weekly.uhm.org.mt\/en\/wp-json\/wp\/v2\/media\/5014"}],"wp:attachment":[{"href":"http:\/\/weekly.uhm.org.mt\/en\/wp-json\/wp\/v2\/media?parent=5245"}],"wp:term":[{"taxonomy":"issuem_issue","embeddable":true,"href":"http:\/\/weekly.uhm.org.mt\/en\/wp-json\/wp\/v2\/issuem_issue?post=5245"},{"taxonomy":"issuem_issue_categories","embeddable":true,"href":"http:\/\/weekly.uhm.org.mt\/en\/wp-json\/wp\/v2\/issuem_issue_categories?post=5245"},{"taxonomy":"issuem_issue_tags","embeddable":true,"href":"http:\/\/weekly.uhm.org.mt\/en\/wp-json\/wp\/v2\/issuem_issue_tags?post=5245"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}