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💸 PENSION AUTO-ENROLMENT SCHEME OPENS FOR PUBLIC FEEDBACK

✅ The Finance Ministry launched a public consultation on Wednesday, 18th June, for a new auto-enrolment pension scheme.
→ Eligible employees, aged 18 to ten years before retirement, paying tax and working in Malta, will... be automatically enrolled unless they opt out.
→ Contributions start at €50 per month, with the government adding up to €100 for public sector workers. Private employers are encouraged but not required to contribute.

✅ The scheme will be a defined-contribution plan, with investments based on age to reduce risk.
→ Cost-capping and standardised info will promote transparency.
→ Employees changing jobs can transfer their pension benefits easily.
→ Tax incentives are planned for employees and employers.

✅ Roll-out in the public sector is expected in late 2025, with private sector extension six months later.
→ The one-month consultation allows feedback via the Finance Ministry’s website.
→ A government report will summarise feedback and possible revisions after the consultation.

Read the Article! 👇
https://www.maltatoday.com.mt/news/national/135494/government_launches_public_consultation_on_autoenrolment_pension_reform

Ever wondered what you're entitled to as an 𝐞𝐦𝐩𝐥𝐨𝐲𝐞𝐞 𝐢𝐧 𝐌𝐚𝐥𝐭𝐚 𝐢𝐧 𝟐𝟎𝟐𝟓? 🤔

"Malta must adopt the EU Pay Transparency Directive by June 2026 and publish a pay gap report by June 2027. Workers can request pay info, and... large companies must report their gender pay gap annually."

Check out more information about 𝐰𝐚𝐠𝐞𝐬, 𝐬𝐚𝐥𝐚𝐫𝐢𝐞𝐬 𝐚𝐧𝐝 𝐭𝐚𝐱𝐞𝐬 through the link below!👇
https://checkmysalary.mt

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💸 JANUARY SEES 3.2% RISE IN FULL-TIME EMPLOYMENT

✅ Official figures show that registered full-time employment increased by 3.2% in January, while part-time employment as a primary job grew by 6.2% compared to the same month last year.
→ The NSO reported that over the year, the ...labour supply (excluding part-timers) rose by 3.3%, reaching 293,900. → This was driven by an increase of 9,202 in full-time employment and 60 in registered unemployment.

✅ Full-time employment in key sectors contributed significantly, with wholesale and retail trade, motor vehicle repair, and health and social work activities leading the growth.
→ Private sector full-time employment increased by 7,285 to 238,876.
→ Public sector full-time jobs rose by 1,917 to 53,907.

✅ The number of self-employed working full-time grew by 844, and total employed persons increased by 8,358 compared to January 2024.
→ Employment for men rose by 2.7%, and for women by 4.0%, over the year.

✅ Part-time employment in January 2025 increased by 8.2% year-on-year, with the Accommodation and Food Services sector and Professional, Scientific and Technical activities contributing most.
→ The number of part-timers with a full-time job reached 45,485, up by 9.8%.
→ Those whose part-time role is their primary occupation totalled 35,009, an increase of 6.2%.

Read the Article! 👇
https://timesofmalta.com/article/fulltime-employment-rose-32-january.1111509

🔍 𝐓𝐡𝐞 𝐟𝐚𝐜𝐭𝐬 𝐛𝐞𝐡𝐢𝐧𝐝 𝐭𝐡𝐞 𝐜𝐥𝐚𝐢𝐦.

❌ 𝐌𝐘𝐓𝐇: "Pay transparency will only cause resentment and jealousy among employees."

✅ 𝐅𝐀𝐂𝐓: "Understanding how pay decisions are made can ...motivate employees to advance, as long as the process is fair."

To get clarification about 𝐰𝐚𝐠𝐞𝐬, 𝐬𝐚𝐥𝐚𝐫𝐢𝐞𝐬, and 𝐭𝐚𝐱𝐞𝐬 in Malta, visit our website. 👇

https://checkmysalary.mt

#MythorFact #Malta #Taxes #MaltaEmployment #LivingInMalta #TrueorFalse #WorkInMalta #WorkplaceFacts #KnowYourFacts #TruthorTale #CheckMySalary

💸 PN URGES ACTION AS MALTA INFLATION EXCEEDS EU AVERAGE

✅ After Eurostat data showed that Malta's May inflation was higher than the EU average, the Nationalist Party urged the government on Tuesday to implement its ideas for an alternative economic model.
→ According to a ...statement from the PN, the statistics "confirm" that Malta's cost of living is still rising, with the national rate much higher than the eurozone average.

✅ Malta's inflation rate was 2.6% in May, up from 2.2% in April, while the Euro area's annual inflation rate decreased to 1.9% in May from 2.2% in April, according to Eurostat data.
→ Additionally, the data indicates that from the beginning of the year, Malta's cost of living has been increasing consistently month after month.

✅ The Shadow Minister for the Fight Against Rising Cost of Living Ivan Castillo stated, “While most eurozone countries are seeing prices stabilise or fall, Malta is going in the opposite direction,”
→ He noted that Malta had a greater rate than many countries that have seen a decline, including Germany, Ireland, Spain, France, Italy, Cyprus, Portugal, Luxembourg, and Slovenia.

✅ He stated that the cost of services and the price of food are the main causes of the growing cost of living.
→ Castillo attacked the government for ignoring the PN's "widely supported" initiatives and for being "out of touch with people's struggles."
→ He urged the government to "set aside partisanship" and carry out the recommendations, which include removing the tax on the first €10,000 earned from overtime and part-time work, making the cost-of-living adjustment non-taxable, and giving employers tax credits to help them cover rising expenses without increasing prices.

✅ The opposition also recommended adopting an emerging-sector-based economic strategy to generate high-quality jobs with higher wages for workers and creating a National Fund to assist importers and exporters in controlling costs that affect inflation.

Read the Article! 👇
https://timesofmalta.com/article/pn-urges-government-act-malta-inflation-outpaces-eu-average.1110806

Ever wondered what you're entitled to as an 𝐞𝐦𝐩𝐥𝐨𝐲𝐞𝐞 𝐢𝐧 𝐌𝐚𝐥𝐭𝐚 𝐢𝐧 𝟐𝟎𝟐𝟓? 🤔

"An employee in Malta working 40 hours per week is entitled to 224 hours of paid annual leave: 194 hours of basic leave plus 32 hours for 4 ...public holidays that fall on weekends."

Check out more information about 𝐰𝐚𝐠𝐞𝐬, 𝐬𝐚𝐥𝐚𝐫𝐢𝐞𝐬 𝐚𝐧𝐝 𝐭𝐚𝐱𝐞𝐬 through the link below!👇
https://checkmysalary.mt

#SalarySecrets #Malta #CareerTips #SalaryTips #Taxes #MaltaEmployment #LivingInMalta #WorkInMalta #WorkplaceTips #KnowYourWorth #CheckMySalary

💸 POSITIVE OUTLOOK FOR GOZO'S BUSINESS SECTOR

✅ According to an industry survey, Gozo’s business sector is optimistic about the future after observing improvements over the past six months.
→ This marks the highest optimism since the Gozo Business Sentiment Survey began: ...41% of businesses expect stronger conditions in the next six months, and over half plan expenditures this year.
→ However, a serious labour shortage threatens this positive outlook, with over 50% of businesses citing a lack of qualified workers as their biggest challenge.

✅ The Gozo Regional Development Authority and Gozo Business Chamber conducted the survey in March 2025. It’s the third such survey and occurs every six months.
→ 30% of businesses reported improved conditions from Sept 2024 to March 2025, up from 20% in the prior period. Those reporting worsening conditions dropped from 20% to 16%.

✅ The transportation and storage sectors performed well, with positive results also seen in manufacturing and construction.
→ In contrast, only 22% of food and accommodation businesses reported improvements, while 33% saw a decline.

✅ Optimism is high for the next six months.
→ 41% expect business to improve (up from 20% in Sept), while only 9% foresee worsening conditions (down from 31%).
→ The food and accommodation sector showed the most optimism, with a net positive balance of 89%.

✅ 58% of businesses plan to hire more employees in the upcoming six months, especially in the industrial sector (90%).
→ However, 53% report difficulties in finding skilled workers—most acute in construction and tourism.
→ This concern was shared by 70% of construction firms and 65% of lodging, food services, and retail businesses. There’s strong demand for technical and soft skills.

✅ 66% of business owners expect higher input costs in the next six months, although when they were previously polled, an even greater number had expected price increases.

✅ While 61% of firms offer flexible work schedules, fewer support employee wellness and development.
→ Only 24% offer skill development programs, and 14% offer mental health support.
→ Financial and operational concerns are barriers, but 70% said they’d adopt such measures with government support.

Read the Article! 👇
https://timesofmalta.com/article/gozo-business-sector-feeling-bullish.1110666

This Pride, we’re reminded that behind every professional role is a person deserving of acceptance, understanding, and support. ❤️

We believe in creating space for everyone to thrive, regardless of gender identity, orientation, or background.🤝

This month, and every month,... we stand for fairness, dignity, and pride. 🏳️‍🌈

The Malta Salary & Tax Calculator
www.checkmysalary.mt

#PrideMonth #CelebratingEveryone #Inclusivity #DiversityWins #RespectMatters #Pride #SeenandRespected

💸 3% ECONOMIC GROWTH FOR MALTA IN Q1

✅ In real terms, Malta's GDP expanded by 3% in the first quarter of 2025.
→ According to preliminary estimates issued by the National Statistics Office on Thursday, this was mostly driven by strong domestic demand and favourable foreign ...trade.

✅ As a result, the Gross Domestic Product (GDP) increased to €5.5 billion.
→ In nominal terms, this is a 5.4%, or €283.5 million gain, over the same period previous year.

✅ Foreign trade supplied an additional 0.5 percentage points to the total rise, while domestic demand contributed 2.5 percentage points.
→ In the meantime, the GDP deflator, which measures how price changes affect the economy, increased by 2.4% from 2024's first quarter.
→ This indicated a little easing of inflationary pressures, as it is a slight decline from the 2.9% observed in the last quarter of 2024.

✅ The data shows that Malta's economy is still resilient, continuing to develop steadily through 2025.

Read the Article! 👇
https://timesofmalta.com/article/malta-economy-grows-3-first-quarter-year.1110530