Malta Pension Calculator

The maximum Two-Thirds Pension in 2026 is €19,389 a year (€372.86 a week) if you were born in 1962 or later. That is two-thirds of the 2026 Maximum Pensionable Income of €29,083.36. If you were born before 1962 the cap is €25,500, so the maximum is €17,000 a year (€326.92 a week).

Annual pension = two-thirds of your pensionable income × (your yearly average of contributions ÷ 50). Pensionable income is the average basic salary of your best 10 calendar years in the last 40 (born 1962+) or your best 3 consecutive years in the last 10 to 13 (born before 1962), capped at the Maximum Pensionable Income. The yearly average is your total weekly contributions divided by the years required for your birth year; an average of 50 gives the full pension and anything lower is reduced proportionately.

You need a yearly average of 50 weekly contributions over 30 years if born before 1952, 35 years if born 1952–1961, 40 years if born 1962–1968, 41 years if born 1969–1975 and 42 years if born 1976 or later. Because a full working year has 52 contributions, someone born in 1976 or later reaches the full pension with about 40.4 years of full contributions.

You need at least 10 years (520 weeks) of paid contributions. If you were born in 1962 or later you also need 12 years in total, of which up to 2 can be credited years. Since 2026 you can pay up to 5 years of missing contributions to reach the minimum, even if you are no longer working.

Yes, if you have the full number of paid or credited contributions for your birth year: 1,820 (35 years) if born 1952–1961, 2,080 (40 years) if born 1962–1968, 2,132 (41 years) if born 1969–1975 and 2,184 (42 years) if born 1976 or later. The early pension is not reduced, but you cannot work until you reach your statutory pension age.

If you could retire at 61 but wait, your pension rises for life: +6.5% at 62, +13.5% at 63, +21% at 64 and +29% at 65. There is no further increase after 65. On the maximum 2026 pension of €19,389, claiming at 65 instead of 61 gives about €25,012 a year.

A parent born in 1962 or later gets 4 years of credited contributions for each of the first 3 children and 2 years for each child from the 4th. Parents born 1952–1961 get 2 years for each of the first 3 children and 1 year from the 4th. Credits cover time you stopped working to raise the child, count towards your contribution average and are doubled for a child with a disability; they do not raise your pensionable income.

From basis year 2026 (LN 53/2026) the total pension income of people aged 61 and over, including state, occupational, private and foreign pensions, is 100% tax-free up to €37,104 a year. Budget 2027 raises this to €37,624 from 2027. Only pension income above the threshold is taxed at normal rates, and a salary is taxed separately. The maximum state pension is below the threshold, so it is tax-free on its own.

From January 2027 all pensions rise by €10 a week (including COLA), the tax-free pension income threshold rises to €37,624, and the Maximum Pensionable Income for people born before 1962 rises to €28,000, lifting their maximum pension to about €18,667 a year. Retirement ages and contribution rates do not change. These measures take effect once the 2027 legal notices are published.

The Department of Social Security pays contributory pensions every four weeks, so you receive 13 payments a year. Monthly figures on this page are an average for budgeting.

Contributions paid in another EU/EEA country, Switzerland or a country with a bilateral agreement with Malta (such as Canada) can count towards the qualifying conditions. Each country then pays its own pro-rata share. This calculator only estimates the Maltese pension from Maltese contributions, so ask the DSS for a combined assessment.

Contributions to a Personal Retirement Scheme earn a 25% tax credit on up to €3,000 a year, so at most €750 a year off the tax on your salary. Employee contributions to a voluntary occupational pension scheme earn a separate credit of up to €750. The credit reduces tax while you work; it is not added to your pension.