Cola Increase 2024 Malta 2024. These measures include a โฌ12.81 per week cost of living adjustment (cola), an increase in the income tax exemption threshold to cover 60% of pension income, revisions and harmonisation of the highly qualified. The second payment, covering the second half of 2024, will be disbursed in the coming may, 2024.
With effect from 2024, the annual benefit paid to eligible parents who take care of their adult children suffering from a severe disability will increase by โฌ487 to just below โฌ5,000. Minister for finance clyde caruana confirmed during a business breakfast event, organised by the times of malta (tom) that the cost of living adjustment.