A half-day seminar on ‘Tax Incentives – Corporate and Personal Pensions’ was organised by Bank of Valletta in collaboration with the Gozo Business Chamber on the 26th September 2019 at the Institute of Tourism Studies in Qala (Gozo). The seminar provided information on retirement and tax incentives on corporate and personal pensions.
David Spiteri Gingell (Management Consultant), former chairman and current member of the government’s pensions working group, delivered a very interesting presentation on voluntary occupational retirement schemes and financial education for employees. His presentation centred on the cost of losing an employee, the pension framework, voluntary occupational retirement schemes, and VORPS (a pension scheme introduced by an employer) as a strategic HR tool.
Vicky Xuereb (Director Strategy and Support – Ministry for Gozo) spoke about the evolving socio-economic scenario in Gozo.
Mr Mario Farrugia (Head Bancassurance Bank of Valletta plc) spoke about tax incentives on the setting up of Corporate and Personal Pensions. His presentation focused on the sustainability of state pensions, private pensions, workplace pensions, and the benefits and tax incentives related to corporate and personal pensions.
Joseph Borg, President of the Gozo Business Chamber, in his concluding speech thanked all those present, while highlighting the next events being planned by the Gozo Business Chamber in the coming weeks. This will include the INSULEUR (Insular Chambers of Commerce and Industry of the European Union) General Assembly and Forum which will be held on the 24th and the 25th October, and the contest ‘Entrepreneurship 4 youths – Gozo’. This event which will be held on the 15th November will provide a platform for youths between the ages of 18 and 30 to pitch their business ideas in front of a panel of business experts.
The agenda for this information seminar can be downloaded Agenda – Tax Incentives related to Corporate and Personal Pensions