🕊️ Financial Planning

The NIB pension: age, contributions and how much you get

The NIB retirement pension is paid from age 65, with a reduced option from 60. How the 150-week rule works, what the rate is, and why you need savings on top.

Emergency fund: how much do you need?

An emergency fund of 3-6 months of expenses protects you from unexpected costs without expensive debt. The Bahamas has an NIB unemployment benefit, but it is only 50% of pay for 13 weeks, so a personal buffer still matters. How to work out your figure and build it.

Financial independence: how to calculate your number

Financial independence means your investment returns cover your spending. How to use the 4% rule, how much your savings rate matters, and how to account for tax, inflation and the NIB pension.

No income tax: what actually comes out of your pay in The Bahamas

The Bahamas has no personal income tax, no PAYE, no capital gains tax. What does come out of your pay (NIB), and the taxes you pay when you spend or own property.

Buying a home in The Bahamas: mortgages, the Mortgage Corporation and help

There is no payroll housing fund here. How commercial banks, credit unions, the Bahamas Mortgage Corporation and the Department of Housing fit together, and what a first-time buyer should line up.

What happens if you lose your job in The Bahamas

The Bahamas has an NIB unemployment benefit — 50% of insurable pay for up to 13 weeks. How it works, what redundancy pay the Employment Act gives you, and why an emergency fund still matters.