The 2023 SARS Tax Season kicked off in July. If you’re a South African living overseas you might be tempted to think that this doesn’t apply to you, but there’s…
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One of the biggest concerns for potential emigrants from South Africa is obviously – “what happens to my retirement savings if I leave the country?” This question can only be…
If you are planning to leave South Africa permanently or you have already relocated abroad, you will need to apply for a non-resident tax status confirmation letter from the South…
Numerous updates to the rules around retirement plans in South Africa have been implemented by the National Treasury and the South African Revenue Service (SARS) over the past few years….
At retirement, you’ll be faced with one of the most important decisions of your life, and it’s likely that you’ll have to have to choose between a living annuity and…
The Taxation Laws Amendment Act 23 of 2020 (TLAA 2020) was passed into our law books on 20 January 2021. In doing so, changes were introduced that effectively reset the…
If you have been doing some research into how emigration impacts on retirement annuities in South Africa, you will probably have stumbled across the fact that most South Africans end…
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…
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…
What is a living annuity? What is a life annuity? Is there a difference between the two, and when would you need to purchase and use these annuities? Life and…