Can I Cash in My Retirement Annuity Early in South Africa?
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 up cashing in their retirement annuity (RA) when leaving the country. Most people...
South African Tax Matters: Capital Gains Tax Explained
If you’re not prepared for it, Capital Gains Tax (CGT) can be a nasty shock to the system. Let’s take a look at what Capital Gains Tax is, when you’d have to pay it and how the CGT calculation works in South Africa. Capital Gains Tax explained What is CGT in simple...
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...