Investing offshore from South Africa offers a variety of benefits, from diversifying your portfolio to hedging against currency fluctuations. But for South African investors, the tax implications can feel like…
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Theoretically, South African residents can transfer up to R11 million per individual, per year out of the country using their exchange control allowances – namely the Single Discretionary Allowance and…
Many South African residents living overseas may be wondering if they are still allowed to open or conduct a bank account in South Africa once they have completed the tax…
If you’re in the process of wrapping up your financial affairs in South Africa, and one of the things on your to-do list is “close SA bank account”, you might…
If you’re a South African living abroad and you’ve been doing your homework on the ins and outs of financial emigration, you’ve probably come across the terms “Non-Resident Banking Account”…
Not so long ago, the term “Blocked Rand Account” was used when talking about the special account that was for asset allocation upon financial emigration from South Africa. A South…
If you have made the decision to move to Australia, whether to temporarily take up a new job, or to move permanently, you’ll be pleased to know that banking in…
Many people used to consider offshore bank accounts as only being relevant if you had huge funds to invest and wanted to avoid tax liabilities in your current country. Today…
Every country has their own banking rules and terminology, and Britain is not exempt from these. To help your transition to the UK and make opening your UK bank account…
Expat forums are full of it! Everyone’s talking about the dreaded blocked bank accounts required for financial emigration. Because, let’s be honest; everyone wants their money, but no one wants…