As a South African expat, staying informed about changes in your home country’s financial landscape is crucial, especially when it comes to your hard-earned retirement savings. The recent introduction of…
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Clarifying the three-year rule – you don’t need to wait three years to tax emigrate after relocating
Despite having been in effect for a number of years already, there is a fair amount of uncertainty about how tax emigration and retirement annuity withdrawals work in South Africa,…
It’s a question we hear frequently, whether from long-time expats or would-be emigrants: What should we do with our South African retirement annuities once we live abroad? What are our…
For many South Africans, the dream of relocating to a new country becomes a real possibility around retirement age. With changing life circumstances, a move abroad can be an exciting…
The South African Parliament is on the verge of passing a groundbreaking bill that could reshape how citizens access their retirement savings. The National Council of Provinces (NCOP) recently adopted…
The idea of leaving South Africa permanently for a new adventure abroad is an exciting prospect. Yet, amidst the packing and planning, the reality of having to navigate the complexities…
As working humans, we’re all ultimately headed for the same destination: retirement. The only difference? The vehicle we choose to get there. And when it comes to retirement savings vehicles,…
Retirement annuities are a popular retirement planning option in South Africa. According to the South African Reserve Bank, assets in retirement annuities totaled R2.9 trillion at the end of June…
Retirement annuities are tax-efficient vehicles meant to help you save during your working years so that you can provide for yourself through the duration of your retirement years. As such,…
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….