PensionLens Malta

Private pension fees add up.

Estimate when they may overtake the government tax rebate.

Start calculating

Include ongoing % fees charged on your pension balance, such as plan and fund fees. Replace the example with your fee.

Illustrative gross return before pension fees.

€3,000 into your pension
€750 tax rebate
€2,250 cost to you

One-year estimate only: Actual returns, fees, tax eligibility and other charges may differ.

Your yearly fee

before your pension fees add up to more than your tax rebates

Calculating…

This is an estimate, not financial advice.

Methodology

How the calculator works

This calculator compares the total pension fees deducted from the projected pension balance with the total Malta pension tax rebates received over the same period.

Tax rebate

The tax rebate is 25% of your yearly pension contribution, capped at €750 per year. The model assumes you have enough Maltese income tax chargeable in that year to use the full rebate. Unused personal retirement scheme rebate is not carried forward and cannot create a tax refund. Rebates are counted at face value and are not reinvested.

Daily projection

Your yearly return is converted to an equivalent daily growth factor using a 365-day model year. Your yearly pension fee is divided by 365 to get the nominal daily fee rate. The model uses normal non-leap-year month lengths. Each day the calculator:

  1. applies the daily investment return to the existing pension balance;
  2. accrues that day's pension fee from the balance after that day's return.

At the end of each month, the accrued fees are deducted and then one twelfth of the yearly pension contribution is added. This approximates contributing when monthly pay arrives. Individual pension providers may calculate or collect fees differently.

When fees overtake rebates

At the end of each completed year, that year's rebate is added to the cumulative rebate total. The crossover year is the first completed year where cumulative pension fees are greater than cumulative tax rebates.

What the figures mean

The displayed difference compares cumulative tax rebates with cumulative pension fees for the relevant year. Fee totals include the daily fees accrued and deducted from the projected pension balance, but not the future investment growth that could have been earned on money paid in fees.

Actual returns, fees and tax eligibility may differ from this estimate.

Legal

Important disclaimer

PensionLens Malta is an educational calculator only. The website and its calculations provide general information and must not be relied on as financial, investment, pension, tax, accounting, legal or other professional advice.

No personal or regulated advice

Nothing on this website is intended to constitute investment advice, a personal recommendation or any other regulated investment service under Malta's Investment Services Act (Cap. 370). The calculator does not assess your personal circumstances, financial position, objectives, knowledge, experience, risk tolerance or ability to bear losses. It is not a retirement scheme, retirement scheme administrator or pension provider and does not purport to provide services regulated under Malta's Retirement Pensions Act (Cap. 514).

No offer, endorsement or affiliation

Nothing on this website constitutes an offer, invitation, solicitation or recommendation to enter into, continue, change, transfer or terminate any pension, investment, insurance or other financial product. PensionLens Malta is independent and is not affiliated with, approved by or endorsed by the Government of Malta, the Malta Tax and Customs Administration, the Malta Financial Services Authority or any pension provider.

Illustrative calculations only

Results depend on the information you enter and on simplified modelling assumptions. Returns are not guaranteed. Actual investment performance, fees, charges, deductions, contribution timing, fee-collection methods, withdrawal restrictions and product terms may differ materially from the model. The calculator does not model every charge or every feature of a pension product, and no result should be interpreted as a forecast, promise or guarantee of future value or savings.

Tax treatment can differ

Tax calculations are illustrative and currently reflect the Malta pension tax-rebate assumptions stated in the Methodology. Tax law, administrative practice and personal eligibility can change. Your entitlement to a rebate depends on your own circumstances, including the applicable scheme and sufficient Maltese income tax chargeable. PensionLens Malta does not guarantee that you qualify for, can use or will receive any tax rebate.

Check the product and seek professional advice

Before making a financial decision, read the pension provider's official scheme and product documentation, including the applicable risks, fees, charges and withdrawal terms. Verify that any provider or adviser you use is appropriately authorised where required, and consider obtaining advice from a suitably qualified and appropriately licensed or authorised financial professional, as well as independent tax or legal advice for your circumstances.

No warranties

The website is provided on an “as is” and “as available” basis. To the fullest extent permitted by applicable law, no representation, warranty or guarantee is made that the website, its assumptions, calculations or information are accurate, complete, current, error-free, continuously available or suitable for any particular purpose.

Limitation of liability

To the fullest extent permitted by Maltese law, the creator and contributors of PensionLens Malta shall not be liable for any loss or damage arising from or connected with use of, inability to use, or reliance on the website or its calculations, including financial or investment losses, lost returns, tax liabilities or decisions made using the tool. Nothing in this disclaimer excludes or limits any liability or mandatory right that cannot lawfully be excluded or limited.

Governing law

This disclaimer and any dispute arising from or connected with the use of this website are governed by and construed in accordance with the laws of Malta. The courts of Malta shall have exclusive jurisdiction.

The MFSA distinguishes general information from personal investment advice and recommends understanding a retirement product's risks, costs and terms before making a commitment.

Legal

Terms of use

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This website is provided for personal, educational and non-commercial use. You may not scrape, redistribute, frame or embed the website or its content without prior written permission.

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The content, design and code of PensionLens Malta are the property of the creator unless otherwise stated. Where the source code is published under an open-source licence, the terms of that licence apply to the code.

No warranties and limitation of liability

The no-warranties and limitation-of-liability provisions set out in the Disclaimer apply to these terms and are incorporated by reference.

Governing law and jurisdiction

These terms and any dispute arising from or connected with the use of this website are governed by and construed in accordance with the laws of Malta. The courts of Malta shall have exclusive jurisdiction.

Changes to these terms

These terms may be updated from time to time. Continued use of the website after a change constitutes acceptance of the updated terms.

Privacy

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How your data is handled

All calculations run entirely in your browser. No personal data is collected, stored or sent to any server by this website. The inputs you enter never leave your device.

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If you have a privacy question, you can reach the site creator at lukebajada.com.

Projection detail

Year-by-year calculations

Year Contributions Tax rebates Pension fees Rebates − fees Pension balance