If you have left the country and want to cash in your South African retirement annuity (RA), you have probably run into the “3-year rule”. It is one of the…
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Can SARS tax you on your way out the door? Yes, but not on everything, and not in the way most people expect. The South African exit tax is a…
You can close a bank account and cancel a medical aid before you board the plane. But your South African retirement annuity is different. It stays exactly where it is,…
Don’t let your family inherit a legal headache in two countries. If your assets sit in two countries, having a single will may be setting your family up for exactly…
When one partner leaves South Africa before the other, the two of you end up with different tax residency statuses. That mismatch brings real financial planning risks. It affects the…
Give your spouse a car, settle their bond, move an investment portfolio into their name, and no tax question arises. Currently, donations between spouses are exempt, with no cap and…
For many South Africans living abroad, ceasing South African tax residency feels like a clear milestone that’s naturally achievable. You’ve moved overseas, started a new job, opened local bank accounts…
Living abroad does not automatically end your South African tax obligations. Many South Africans are surprised to discover that even after moving overseas, the South African Revenue Service (SARS) may…
Many South Africans working abroad assume that earning an income overseas automatically means they no longer have to pay tax in South Africa. Unfortunately, that’s not always true. Whether you…
Once you’ve watched the short video below, you’ll see that physically leaving South Africa does not automatically end your tax obligations with the South African Revenue Service (SARS). This is…