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Health Insurance / Economic Self-Sufficiency

on its way

How I'm glynis riley. I am hoping to move to malta and saw your blog could you please forward this to me as well glynisriley[at]msn.com I would be most obliged .  Thank you

Sorry that's glynisriley[at]msn.com

Have you read this?  http://www.expat.com/forum/viewtopic.php?id=370643
You may not need insurance.

Hi George, could I please get this link also?

doing now :-)

Hi we are new to this site and have just started on a tentative journey towards moving to Gozo . We are looking to do so by the end of the year. Both retired and have pensions. Am looking for up to date info on top up pensions and were we can get the best deal from. Also we bought a brand new car just 10 months ago but I understand that we will have to pay a lot of money to bring it in. That older cars are encouraged as the taxes are higher on newer clean cars. We wouldn't be able to pay 60%of its current value as that would be around twenty thousand euro. We already have our son living in malta which will be helpful when we do take the plunge but it would be really helpful if we can get guidelines from people on this site as his experience is based on renting and working and we would like to buy and not work!
Many Thanks
Lin

Lindaelsie :

Hi we are new to this site and have just started on a tentative journey towards moving to Gozo . We are looking to do so by the end of the year. Both retired and have pensions. Am looking for up to date info on top up pensions and were we can get the best deal from. Also we bought a brand new car just 10 months ago but I understand that we will have to pay a lot of money to bring it in. That older cars are encouraged as the taxes are higher on newer clean cars. We wouldn't be able to pay 60%of its current value as that would be around twenty thousand euro. We already have our son living in malta which will be helpful when we do take the plunge but it would be really helpful if we can get guidelines from people on this site as his experience is based on renting and working and we would like to buy and not work!
Many Thanks
Lin

Most people here would advise you to rent, not buy, certainly not buy until you were 110% sure this is the place for you for a long time to come as most property is over priced and not easy to sell, also you need to be really sure of the area you want to live in.

Not working is good!!   :top:

Car wise you might be better to sell your new car and buy a cheap one here.

Not sure what you mean by 'top up pensions'.

If you will be receiving UK state pension then ask the 'International Pensions Office'  in the UK for S1 forms to transfer your health cover to Malta. If not yet receiving State Pension go to the entitlement office in Malta and apply for health cover through the RHA system ( Reciprocal Health Agreement )

Good luck,

Ray

Hi Ray thanks for the reply yes I'm not surprised you didn't understand top up pensions I meant to type top up private health that's if I need to
Yes sensible to rent first and I believe we shall but I have seen the house that I would love to live in in Gozo
My son and grandaughter live in sliema and as family we do want too be to be near them but not so near as to live in Malta!!! This is a good site and I have been ploughing through information that I need that I hadn't given thought to
Yes I know we should sell car but it will be very sad as we also have a 1963 rover 4 which I also bought for Alan last year and we are going to have to sell that as well our new car we have saved for years for and will take a massive hit on it as depreciation is heavy in the first year or two but we have to judge what is important ta for your reply

Good luck with your research and venture to Gozo  -

a car isnt required especially in Gozo as from all accounts the public bus service appears and is said to work far better and more reliably on Gozo than the main island

Dont buy until you have lived here for a year or more and take you time to assess all the pro and cons especially the ones that are important to you. Remember that the idea and thoughts (often romantic ones)  of living in a place are often different to"everyday" reality.

Buying or rather selling up after you ve bought can be problematic if you later realise that its not what you thought.. So be careful.

Planning is so so important as is acquiring the real life knowledge of all the regular "on island" contributors of this forum... consider it all  - ignore nothing - then decide.

Lindaelsie :

Hi Ray thanks for the reply yes I'm not surprised you didn't understand top up pensions I meant to type top up private health that's if I need to
Yes sensible to rent first and I believe we shall but I have seen the house that I would love to live in in Gozo
My son and grandaughter live in sliema and as family we do want too be to be near them but not so near as to live in Malta!!! This is a good site and I have been ploughing through information that I need that I hadn't given thought to
Yes I know we should sell car but it will be very sad as we also have a 1963 rover 4 which I also bought for Alan last year and we are going to have to sell that as well our new car we have saved for years for and will take a massive hit on it as depreciation is heavy in the first year or two but we have to judge what is important ta for your reply

The ideal I guess would be to rent as close to the house you like as you can so that you see what the area is really like day and night, Winter and Summer. and as Toon said in his post don't even think of buying unless you are absolutely certain.

I am sure that someone will correct me if I am wrong but I think the Rover would be exempt from the registration tax as it is a 'classic' car over 30 years old. (Not sure if it also exempt from  annual road tax as well).

Again as Toon said, the bus service is very good on Gozo and is fairly punctual, sometimes 5 or 10 minutes late in the Summer but pretty reliable. Most areas have a bus at least once an hour and often get buses on more than one route passing near as we do in Gharb. When you are 60+ it is a max cost of 50c a day or 2.00 euros a week with the new 'Tallinja card'

Ray

I applied 3 weeks ago on the SS route and got health insurance from Axa in Malta. The staff know which plan to give you for residency. They gave me the Budget Hospital plan and this was acceptable when I handed my application in. Email them health[at]atlas.com.mt and they do everything online for you.

Hi George can you help me and send me the link too? And also :
Hi I m British and I would like to ask :I have the self sufficiency full amount for a married couple for Malta. But I was wondering how many months bank statement I need to provide? As in if I just show a recent original  bank statement showing full amount is that ok? Or does it have to show the money has been in the bank for quite a while? A certain amount of months? I’m already on self employment here but I’d like to change it to self sufficiency if possible.

Bzkau1 :

Hi George can you help me and send me the link too? And also :
Hi I m British and I would like to ask :I have the self sufficiency full amount for a married couple for Malta. But I was wondering how many months bank statement I need to provide? As in if I just show a recent original  bank statement showing full amount is that ok? Or does it have to show the money has been in the bank for quite a while? A certain amount of months? I’m already on self employment here but I’d like to change it to self sufficiency if possible.

If you already have an eResidence card through self employment there is no point in changing it to self sufficiency. You could change to that when you renew after 5 years.
I am sure the Maltese authorities are not interested!

Ray

Hi thanks for the info but due to personal circumstances I can’t continue with my self employment all I wanted to know was whether I could change to self sufficiency and details on the bank statements. Grazzi hafna 😊

As far as I can see all you would gain is not having to pay the basic rate for social security for a self employed person even though you do not have an income from it as you are inactive. You would though still be benefiting from health cover which you will need to sort out if you wish to go down the self sufficiency route, either via the RCH or private health cover. (I assume you are not in receipt of a UK state pension)

As to how long your capital needs to have been in the bank I do not know and I think the answer would change from official to official. You could check with the Department for Citizenship.
As you already have residency they may just want proof of health cover ( which you need for your own benefit anyway) and worry about the finance side of things when you renew at the end of your five years.

Ray

Hi I am moving to Malta in another 40 days, This is the first time I am moving out of the country. I want to know if my health insurance bought in UAE will cover for me in Malta or not?
This is perhaps not a thread based on it but any information will be very helpful.

bryan36422 :

Hi I am moving to Malta in another 40 days, This is the first time I am moving out of the country. I want to know if my health insurance bought in UAE will cover for me in Malta or not? This is perhaps not a thread based on it but any information will be very helpful.

You say you are from India and have never left your country so how did you get health insurance in UAE?
Also why are you posting on the Malta forum when your profile says you want to move to England?

I think the only people who can give you a proper answer are the Health Insurers you used. Ask them as no one else would know the terms of your policy.

Do you have a work permit for Malta because you won't normally get Residency in this country as a TCN without a job.

Ray

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