🕊️ Financial Planning

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

The NIS pension is paid from age 65 to people with enough contributions. How the 520-week rule works, what the weekly 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. Jamaica 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 Jamaica

The tax-free threshold, the 25% and 30% rates, and the NIS, NHT and education tax deductions — an overview of what comes out of your pay and what you can claim.

The National Housing Trust (NHT) explained

You contribute 2% of your pay to the NHT. In return you can borrow for a home at a below-market rate, and your contributions are refunded after seven years. How it works.

What happens if you lose your job in Jamaica

Jamaica has no unemployment benefit. What redundancy pay you are entitled to, what PATH is and isn't for, and why an emergency fund is the main safety net here.