Tax Law Changes 2021: What Happens To My Pension Or Retirement Annuity If I Emigrate?
The rules are changing. In 2021 the formal process of financial emigration through the South African Reserve Bank will be phased out. What does this mean? It means that South Africans who move abroad will no longer be able to use financial emigration as a way to...
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...
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...