Statutory Bonus and Weekly Allowance

Employee Bonus & Weekly Allowance in Malta

Full-time employees’ statutory bonus & weekly allowance entitlement in Malta [2007 to 2017]

Full Payment

Period

Entitlement

Calculated

Payable

[2016-2017] € 121.16
[2007-2015] € 121.13

October- March

Pro-rata on the rate per week for part of a week in employment

€4.66 per week

Last working day of
March
€ 135.10

January – June

Pro-rata on the number of days in employment

€0.74 per day including Saturdays & Sundays

Between the
15th & 30th
June
[2016-2017] € 121.16
[2007-2015] € 121.13

April – September

Pro-rata on the rate per week for part of a week

€4.66 per week

Last working day of
September
€ 135.10

July – December

Pro-rata on the number of days in employment

€0.74 per day including Saturdays & Sundays

Between the
15th & 23rd
December

Part-time employees’ statutory bonus & weekly allowance entitlement in Malta [2007 to 2017]

Pro-Rata
Payment of:

Period

Entitlement

Calculated on

Payable

[2016-2017] € 121.16
[2007-2015] € 121.13

October- March

Pro-rata on the rate per week for part of a week in employment as compared to a full-time employee based on a 13 week  (October – March) worked average

€4.66 per week

Last working day of
March
€ 135.10

January – June

Pro-rata on the number of days in employment as compared to a full-time employee based on a 13 week  (period January – June) worked average

€0.74 per day including Saturdays & Sundays

Between the
15th & 30th
June
[2016-2017] € 121.16
[2007-2015] € 121.13

April – September

Pro-rata on the rate per week for part of a weekas compared to a full-time employee based on a 13 week (April – September) worked average

€4.66 per week

Last working day of
September
€ 135.10

July – December

Pro-rata on the number of days in employment as compared to a full-time employee based on a 13 week (July – December) worked average

€0.74 per day including Saturdays & Sundays

Between the
15th & 23rd
December


 IMPORTANT Notice
All part-time employees are entitled to a pro-rata bonus and weekly allowance from their employer whether or not they are employed elsewhere on a full-time or a part-time basis or in receipt of an old age pension.

Statutory bonus & weekly allowance entitlement for  pensioners in employment in receipt of an old age pension in Malta

Employers of pensioners in receipt of an old age pension are obliged to pay the statutory bonus and weekly allowance as they would pay full-time and part-time employees (see Full-Timer & Part-Timer Tabs on this page).

 IMPORTANT Notice  All employers are obliged to inform the Social Security Department of the bonus paid to their employee in receipt of an old age pension every time it is paid (usually in March, June, September and December or on termination of employment).  The Department is to be notified by way of a letter in order that any adjustments deemed necessary to the pensioner’s bonus are made directly by the department.

Taxable bonuses and allowances

Bonuses and allowances are included in the employee’s payslip and are taxable according to the applicable employee’s tax rates.