South African expats living in the USA may have what the doctor ordered to counter the 2% income tax increase about to hit Americans! What is it people can cut back on to absorb this extra cost?
Well, if you still have funds tied up in a South African retirement annuity or pension fund, the prudent thing to do is withdraw the full value, pay the relevant taxes, transfer it to your 401k and enjoy the benefit of your tax credit. This is a real and viable solution available to SA citizens in the USA.
To get on with your life and make as much of the American Dream possible this is an option well worth considering. To get the ball rolling all you need to do is register on our website where we’ll do what is necessary to help you to help yourself. ‘Boer maak nog ‘n plan!’