🕊️ Financial Planning

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

The contributory NIS Old Age Pension is paid from age 60 with at least 750 contributions. How it works, how it differs from the universal Old Age Pension, 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. Guyana has no unemployment benefit, so it matters even more. 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 NIS pension.

How income tax, PAYE and statutory deductions work in Guyana

The personal allowance, the 28% and 40% PAYE rates, the 5.6% NIS deduction and the 14% VAT you pay on spending — an overview of what comes out of your pay.

Home loans and the New Building Society in Guyana

How a mortgage from the New Building Society or a bank works, how the CH&PA house-lot and low-income schemes fit in, and the first-time-homeowner tax relief you can claim.

What happens if you lose your job in Guyana

Guyana has no unemployment benefit. What severance pay the Termination of Employment and Severance Pay Act gives you, what public assistance is and isn't for, and why an emergency fund is the main safety net.