2024 Cola Increase Malta. With effect from 2024, the annual benefit paid to eligible parents who take care of their adult children suffering from a severe disability will increase by €487 to just below €5,000. These include a €12.81 per week cola, an increase in the income tax exemption.

With effect from 2024, the annual benefit paid to eligible parents who take care of their adult children suffering from a severe disability will increase by €487 to just below €5,000. The cost of living adjustment for 2024 will be €12.81 per week, finance minister clyde caruana said tuesday.