Check My Salary - Malta Salary Calculator Notice Period Calculator

The Malta Salary & Tax Calculator

Broadwing Employment Agency is offering a free tool to calculate your weekly, monthly, or yearly net salary based on the tax rates in Malta. This simple tool gives a clear breakdown of gross salary and deductions including tax, Social Security contributions (SSC/NI), government bonuses and most importantly the net salary you take home.

Read more about Malta’s 2024 Payroll Adjustments & Employee Benefits

Download the 2024 Payroll Infographic

Include Secondary Income (Part Time)



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Calculate SSC at 10% (Only for Category B)



Period Weekly Monthly Yearly
Gross Salary
NI ^
Tax
Statutory Bonus# € 9.86 ** € 42.71 ** € 512.52 #
NET Salary
Period Weekly Monthly Yearly
Gross Salary
Tax
NET Salary
Period Weekly Monthly Yearly
Gross Salary
NI ^
Tax
Statutory Bonus# € 9.86 ** € 42.71 ** € 512.52 #
NET Salary
Employer Payroll Summary (Primary Income)
Employee
SSC^
Employer
SSC^
Tax Maternity^ Total Due
IRD
Net
Salary
Grand
Total
Yearly
Monthly
Employer Payroll Summary (Primary Income)
Yearly (€) Monthly (€)
Employee SSC^
Employer SSC^
Tax
Maternity^
Total Due IRD
Net Salary
Grand Total

Updated on 22/01/2024

* Monthly average, dependent on month having 4 or 5 weeks

** Not included in net salary calculation for period

^ The yearly NI and maternity fund contributions are calculated using the number of Mondays in the selected year. The weekly and monthly values are purely for informational purposes and are calculated by dividing the yearly NI by 52 weeks and 12 months respectively.

#1 The Statutory Bonus of €135.10 is paid every six months and equates to €0.74 per calendar day including Saturdays and Sundays on a pro-rata basis. Payments are made at the end of June and December and will be included in your payslips.

↻ Includes Tax on Statutory Bonus

#2 The Statutory Weekly Allowance of €121.16 is paid every six months and equates to €4.66 per working week or a proportion thereof. Payments are made at the end of March and September and will be included in your payslips.

The 2024 Malta Payroll Adjustment Breakdown

Understand how your payroll is set to change in 2024 through updated social security contributions, tax rates, vacation & sick leave, benefits and more.

Malta Income Tax, Social Security and Payroll Adjustments Factsheet Infographic

Frequently Asked Questions

Check My Salary was developed to calculate the take-home salary (NET salary) of any individual working in Malta and to provide a breakdown of the Tax and National Insurance (SSC).

The calculator can be used by anyone that fits within any category of Class 1 Social security Contributions.

Yes any expected bonuses and allowances are included in an employee’s payslip and are taxable according to the applicable tax rate of the individual.

You can read the Malta Payroll Adjustments & Employee Benefits published by Broadwing Recruitment or check with the Commissioner for Revenue in Malta. Broadwing Employment Agency is also happy to assist you directly or by directing you to relevant contacts who can answer any queries you may have.

If you are working in Malta, you are required to declare all your income, from whatever source and including income of your spouse or dependent children. This must include any income derived from Malta and any other EU and non-EU member states.

A government bonus is a small bonus that is added to your salary by the employer, at a predetermined rate, to help cover the cost of living. It is calculated on a pro rata basis based on the weekly hours worked. This bonus is taxable.

The full statutory bonus is payable every six (6) months.

For more information on Malta’s Government Bonuses click here.

An individual qualifies of the parent tax rate if they have a:

Child up to 18 years of age
or

Child up to 23 years of age who has a combined income of less than €2000/year from stipends and employment.
The tax rate is applied automatically if:

The parents are married
Single Mothers
For a single father to qualify for the Parent Tax Rate, they must request a document from the Courts of Malta and submit a ‘Parent Rate Application Form’ available from the Inland Revenue website.

Malta enables married couples to file a joint tax computation whereby their partners’ incomes are aggregated, and tax on the global income is calculated.

Since the Married Rates use joint computation, we only advise using the married tax rate in the event that one spouse is in employment.

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Saluting all the superhero 🦸‍♂️ dads who masterfully balance work 💼 and family with unwavering strength and affection.

We appreciate the tireless dedication 💪 you show each day! Happy Father's Day!

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💸 EDUCATOR AGREEMENT: BASIC PAY UNCHANGED, ALLOWANCES INCREASED

✅ Teachers in Malta will not receive an increase in their basic salary but will see an improvement in the allowances they receive during the year.
→ Educators were presented with the details of this new agreement in... a meeting hosted by the Malta Union of Teachers (MUT).
→ The Malta Independent reports that Educators will receive a Class Allowance with every pay slip, as well as a Work Resources Allowance every three months.
→ The proposal aims to double the total allowances in the short term and more than triple them by 2027 when the agreement will be up for renegotiation.

✅ Teachers' salaries will be pegged according to scales, depending on how long one has worked for.
→ New teachers enter at Scale 9, which has a minimum basic pay of €25.589.02, adding €3.000 in allowances, after which taxes are deducted.
→ Under the new agreement, a new teacher's annual allowance will increase to €6.500 this year, €7.000 in 2025, €7.500 in 2026, and €9.500 in 2027.
→ Teachers on higher scales will also receive similar incremental increases, with all teachers getting backdated allowances from 2023.

✅ Teacher progression is also being improved, reducing the time needed to climb the salary scales.
→ Currently, teachers with MQF 6 (undergraduate) and MQF 7 (master's) qualifications start at Scale 9, advancing to Scale 8 after eight years, and then to Scale 7, the highest level, after another eight years.
→ With the new collective agreement, those timeframes will be shortened, as a teacher with MQF 7 qualification will progress from Scale 9 to Scale 8 after just two years, while an educator with MQF 6 will progress after four years.
→ Senior Teacher as a new role would be part of the School Leadership Team (SLT) and have duties which include administrative and curricular support, meanwhile KGEs and LSEs will be getting their basic pay bumped up the salary scale ladder.

✅ The previous collective agreement for educators concluded at the beginning of 2023.
→ Following a one-day nationwide strike, where 97% of educators participated in November, the MUT threatened further industrial action.
→ After reaching an agreement, Education Minister Clifton Grima stated on ONE News that the proposed terms would raise the annual salary for new teachers to €36.000, a €10.000 increase from the current amount, before the agreement with the MUT was reached.
→ New teachers would still commence with a basic pay pegged at Scale 9. Supervision payments will now be based on the maximum of Scale 8 instead of the minimum of Scale 9, further improving conditions.
→ By 2027, with the allowance for a new teacher rising to €9.500, the gross income would reach €35.089.02.

Read the Article! 👇
https://www.independent.com.mt/articles/2024-05-31/local-news/Teachers-basic-pay-to-remain-the-same-but-allowances-to-increase-in-new-collective-agreement-6736261565

💸 UNREGULATED EMPLOYMENT OF THIRD-COUNTRY NATIONALS IN MALTA

✅ 1/4 of businesses irregularly employing workers outside the EU were in the hospitality sector last year.
→ Out of 1.695 employers who irregularly employed TCNs (third-country nationals), 436 were active in ...accommodation and food services, making it the most represented sector.
→ Following that came wholesale and retail trade sectors, including the repair of vehicles with 267 employers, administration (179) and construction (168).
→ This specific breakdown was requested by Times of Malta after Home Affairs Minister Byron Camilleri revealed the total number of employers having irregularly employed non-EU workers.

✅ Irregular employers increased from 2021 to 2023.
→ In 2021, 1.060 employers were caught, rising 36% to 1.446 in 2022.
→ The number increased by less than half in the following year, totalling 1.695 with a 17% rise.
→ A Home Affairs Ministry spokesperson said 88% of businesses caught employing TCNs irregularly had regularised the positions, while the rest faced fines or court action.

✅ Jobsplus, the national employment agency, has introduced new monitoring mechanisms.
→ Physical inspections and administrative checks have been included to ensure compliance with labour regulations.
→ The spokesperson did not disclose whether any action had been taken against the workers who had been found irregularly employed.

✅ Food couriers in the hospitality sector have been linked to irregular employment and poor working conditions, with some facing deductions from their first salary for work equipment.

Read the Article! 👇
https://timesofmalta.com/article/25-irregular-tcn-employers-hospitality.1093144

💸 FINANCEMALTA IMPROVING THE FINANCE SECTOR

✅ The financial services sector has experienced significant growth in recent years, becoming a major contributor to Malta's economy.
→ MFSA's annual report for 2022 revealed that the financial industry contributed €1.178 ...billion in gross value to the economy, a 4.3% increase from 2021.
→ The sector's demand for human resources grew significantly, with over 17.000 employees in 2022, making it a 26% increase from the previous year.

✅ FinanceMalta spearheads this growth, as the public-private initiative is tasked with promoting Malta as an international finance centre.
→ Graziella Grech, chief operations officer at FinanceMalta, emphasises that the sector has significantly grown due to favourable regulations, a skilled workforce and the strategic geographical location of Malta.
→ The financial services sector also supports other industries by providing capital and financial services, enhancing overall economic success.

✅ FinanceMalta collaborates with the Malta Financial Services Authority (MFSA) and the Malta Financial Services Advisory Council (MFSAC) to improve Malta's regulatory framework.
→ Together they bolster the financial services ecosystem by sharing knowledge and promoting positive communication among industry stakeholders.
→ Grech emphasised that strategic investments in human resources are also crucial for the sustainable growth and resilience of the sector, with other critical areas being data analysis and cybersecurity skills.

✅ After Malta was greylisted in 2021 for inadequate action against financial crime, the country greatly increased its efforts by tightening regulations and enforcing new measures.
→ The Financial Action Task Force (FATF) and the European Banking Authority (EBA) have acknowledged Malta's improvement, with the country now being removed from the list.
→ With Malta's international reputation increased, the next significant development will be the introduction of the Digital Operational Resilience Act (DORA), starting in January 2025.

✅ The implementation of DORA, aimed at enhancing digital operational processes within financial institutions, mandates adherence to EU standards and entails substantial investments in cybersecurity measures.

Read the Article! 👇
https://timesofmalta.com/article/a-sustainable-financial-services-sector.1092618

💸 €10 MILLION ALLOCATED TO SCHEME FOR TRAINING WORKERS

✅ The Ministry of Home Affairs, Security, and Employment has revealed a €10 million financial aid package for companies to invest in training.
→ The allocation is taking place through the 'Investing in Skills' ...scheme.
→ The scheme is operated by Jobsplus and partially financed by European funds.
→ The Ministry indicated that the plan aims to enhance the skills of the existing workforce and foster the development of new skills that better fit the needs of today's labour market.

✅ The Ministry reported that over €7.6 million was invested in training under the previous scheme, benefiting 1.200 enterprises of various sizes.
→ More than 22.000 workers were trained, collectively engaging in over 45.000 training programs.
→ Minister Byron Camilleri stated the scheme benefits both employees and employers.
→ He added that government policy encourages employers to invest in better work quality, as they best understand workers' skill needs.

✅ The Chief Executive of Jobsplus Leonid McKay explained that the scheme meets the needs of local enterprises to receive assistance in training their employees.
→ He emphasised the scheme's success due to training employees as they work, therefore investing in their skills and improving productivity and overall employment quality.
→ The scheme includes wages, training fees, and administrative costs for workers in training, with subsidies linked to average salary rates rather than the national minimum wage.
→ The aid is tailored to enterprise size: large companies receive 50%, median ones 60%, and small ones 70%.

✅ As Malta's economic and employment growth has been among the highest in the EU, this scheme encourages internal training to tackle issues such as shortage of specialised workers.

Read the Article! 👇
https://www.independent.com.mt/articles/2024-05-17/local-news/10-million-to-be-allocated-towards-scheme-for-training-workers-6736261181

💸 ADDRESSING THE SKILLS GAP IN THE JOB MARKET

✅ Malta's employment landscape has shifted significantly in recent years, moving from labour-intensive activities towards an economy driven by technological advancements and a globalised business environment.
→ The transition ...has redefined the skills which are now needed in the contemporary job market.
→ Joanne Bondin, president of MEA, has emphasised that companies are looking for employees knowledged in tech, online marketing, and finance management.
→ The pandemic contributed to remote work and flexible setups, influencing businesses to use digital tools, which contributed to employers seeking people with specialised skills in the market.

✅ Workers must keep learning new skills to remain employable in today's fast-paced and competitive job market.
→ Employees have access to many education and training programmes that provide them with the skills needed.
→ The MEA President highlights that these efforts are aimed at keeping the job market in Malta strong and adaptable to all the changes happening.
→ Investing in skills is also taking place on an EU level, with the European Social Fund Plus investing €99 billion in people during 2021-2027.

✅ The Managing Director of Focal Maritime understands the shortfall in coverage of specialised skills demanded nowadays.
→ Godwin Xerri recognises that the gap has emerged due to advanced technologies, requiring specific technical skills that are absent in traditional school curricula.
→ The Managing Director recognises the bright side in this situation, explaining that when industry-specific knowledge is not there, employers should look at skills such as flexibility, drive and desire to learn.
→ He also finds that the younger generation might steer away from certain jobs because they are not 'marketed' enough, such as sectors like maritime, transport and logistics.

✅ Collaboration between career development offices, educational institutions and industry partners is needed to align educational offerings with the job market's demands.
→ A Senior Lecturer at the University of Malta explains that efforts are already underway.
→ Universities today are urged to produce employable graduates, and they are focusing on sharpening human skills, such as empathy and elevated flexibility.
→ In recent years, the University has invested in courses and specialisations to produce qualified professionals by offering expertise in fields like ICT, nursing and health care.

Read the Article! 👇
https://timesofmalta.com/article/academia-industry-work-together-addressing-skills-gap-experts-say.1092169

A Treasure beyond Measure. 🌟

Celebrating all the superhero moms 👩‍👧‍👦 out there, balancing work 💼 and family with grace.

Thank you for the pay-less job you do! Happy Mother's Day!

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www.checkmysalary.mt
...
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Alan offers guidance, industry insights, and support for the transition to the digital economy, making him a valuable resource in the online services domain.

💸 MEA ADVOCATES FOR FOREIGN WORKERS IN THE LOGISTICS INDUSTRY

✅ Malta’s Employers’ Association (MEA) published a report addressing HR challenges for foreign workers in the logistics industry.
→ Joseph Farrugia, MEA’s Director General, stressed the growing dependence on ...foreigners within the Maltese Logistics industry across Malta.
→ Identitá CEO Steve Agius spoke about the need to shift the current Maltese approach of “one-size fits all” to start focusing more on individual industries.
→ Kevin Farrugia, Director General of the Foundation for Transport, highlighted the report's mission to serve Malta in the medium-long term with the need to keep standards across the logistics industry.

✅ Statistics from the report revealed a 16% increase in foreign workers in the past 10 years.
→ The logistics sector, which predominantly consists of micro and small businesses, represents nearly 4% of total registered business units and employs 8185 individuals.
→ In 2021, foreign workers accounted for 18.7% of employees, half of which were EU nationals.
→ Back in 2010, only 2.9% of all employees were foreign workers.

✅ Recommendations outlined in the MEA Report reveal a plan to support the logistics enterprises and the economic future of Malta.
→ One recommendation was a strategy to transform Malta’s output with higher value and an increasingly productive labour force whilst maintaining sustainable methods.
→ A creation of an 'expert task force' was emphasised to forecast demographic trends, including population size, birth rates, and migration flows.
→ Another recommendation for the logistics sector was to embrace a “pilot-analysis approach” to attain economies of scale in operations and HR planning.

✅ Broadwing Recruitment is actively engaged in addressing HR challenges, forming part of the Malta Employers' Association initiative.

Read the Article! 👇
https://www.independent.com.mt/articles/2024-04-30/local-news/MEA-stresses-need-for-nationwide-strategy-to-support-foreign-workers-in-logistics-industry-6736260679