BOV to hold info session on tax incentives on pensions

(source: Unsplash/Ian Schneider)

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Bank Of Valletta collaborates with the Gozo Business Chamber in organising a seminar that aims to provide information on retirement, as well as tax incentives on corporate and personal pensions, according to a press release published by the bank. The event will take place on 26 September in Gozo at the Institute of Tourism Studies in Qala.

After many years of work, most people desire to retire in comfort, trying to retain their same standards of living prior to retirement. The session by BOV promises to offer information on this topic to senior customers.

According to BOV’s calculations, a person will need at least two-thirds of their pre-retirement income in order to maintain the same level of lifestyle upon retirement as before. Nevertheless, BOV says that not everyone will be eligible to receive the two- thirds of their current income, chiefly due to the fact that the state pension is capped.

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The main speakers of the session in Gozo will be David Spiteri Gingell, Management Consultant and Mario Farrugia from BOV and the minister of Gozo will also attend the event with the president of the Gozo Business Chamber.

The seminar is free of charge and participation is available on a first come, first served basis, therefore, interested individuals are recommended to apply in an email.