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Cashing In Your Retirement Annuity Early – The Rules Are Changing in 2021
If you’re a South African expat living abroad with retirement funds back home, pay close attention. Changes that were made to tax laws last year effectively seek to prevent South Africans who no longer pay tax in SA from withdrawing their retirement funds until they...
Expat Tax News: Clarity on the new South African financial emigration rules
A big important decision was reached recently in Parliament, after the National Treasury (aka Treasury) and the South African Revenue Service (aka SARS) presented to the Standing Committee on Finance. The topic under discussion? Proposed amendments to tax law that...
The Expat’s Guide to: Buying Off Your Retirement Annuity
South Africans currently living abroad have until 28 February 2021 to use formal emigration as an immediate means by which to access their retirement annuities early. Thereafter expats will have to show that they have ceased to be a tax resident for a period of three...