Introduction & pretty basic questions

Last activity 24 November 2010 by ricky

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RJH 55Member23 November 2010 12:55:47

Hello to the Forum,

My wife & I are British expats and have been living & working in central France for the last 7 years. We feel we are now ready for another relocation "adventure". We had a very enjoyable holiday on Malta some years ago & the thought of living there is very appealing, not least for the climate & being English speaking, among other things.

I have been doing some research on the web & am finding different figures being spoken of when it comes to the financial requirements for ordinary residence. From the Govt Malta site I came across a document CEA\L\7 saying that to be accepted as "economically self-sufficient" , a married couple should have a capital sum of at least 23.300 or a weekly income of 93.10.
To my mind this would not seem to be enough to be self sufficient ,so, am I reading this right or have I missed something ?

For our part, my wife is now retired on full UK pension which would more than cover the above figure but I , on the other hand would have to work on for a few years albeit maybe part time. I have worked in the building industry for 25 years so have that experience, but I remember from our holiday that particularly ( I guess ) in summer that there is an very active music/ entertainment scene and as I am also an experienced musician that may also be an avenue to explore. Any thoughts would be greatly appreciated.

Thanks in advance for any advice,

Richard & Terri.

mgrima68Contributor23 November 2010 14:12:30

133

That figure sounds about right in my case. We are a family of four and we seem to get by on that ammount. This is coming from someone who doesnt have a mortgage or any major bills though.

If it's only you and your wife and you already make more than that, you probably dont even have to get a job here.

georgeingozoViP23 November 2010 16:31:06

3703

those amounts are close to minimum wage - under EU law they can't be set any higher

rickyViP23 November 2010 17:50:33

3522

The minumum wage for over 18's is 152 / 40 hour week in Malta.

The more you have above that amount the better .

As you are from the EU all you need to show is that you have health insurance and won't have to claim social benefits from the Maltese state and as a pensioner your wife will have health insurance entitlement in Malta.So you would need insurance or entitlement yourself.

Whether you can survive in Malta depends on your personal lifestyle and income.

I must say with anything around 152 /week I couldn't.

Ricky

RJH 55Member23 November 2010 20:48:32

Thanks to all for the prompt replies, glad i understood the figures correctly. mgrima68, I think you are doing really well to get by on that with a family of 4, but having no mortgage is a big help.

Now to look into health insurance, utilities & general cost of living !!

thanks again
Richard

georgeingozoViP23 November 2010 22:25:00

3703

georgeingozo wrote:
those amounts are close to minimum wage - under EU law they can't be set any higher

I meant poverty line, not minimum wage

georgeingozoViP23 November 2010 22:27:30

3703

ricky wrote:
.So you would need insurance or entitlement yourself.

all UK (but not other EU) passport citizens have entitlement through the bilateral health agreement

mgrima68Contributor24 November 2010 06:37:09

133

ricky wrote:
The minumum wage for over 18's is 152 / 40 hour week in Malta.

The more you have above that amount the better .

As you are from the EU all you need to show is that you have health insurance and won't have to claim social benefits from the Maltese state and as a pensioner your wife will have health insurance entitlement in Malta.So you would need insurance or entitlement yourself.

Whether you can survive in Malta depends on your personal lifestyle and income.

I must say with anything around 152 /week I couldn't.

Ricky

Wow..152 is around 600 a month...and if married...14000 per year combined income...and I'm assuming this is before taxes??? ...Geez...How could anyone make it on that??? I dunno...most of the families on my block only have one income as the women don't work. I would love to know how do they manage.

Sorry...I should of made myself more clear. We manage on around 23,000 per year...we couldnt make it on 93 per week.

rickyViP24 November 2010 11:10:32

3522

Oh!

So that explains the confusion and sounds a lot better -)))

Ricky

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