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...
FAQ Regarding Retirement Funds Under 3 year Lockdown After Emigration
The 13th of October 2020 was a big day for recent and soon-to-be South African expats. It’s the day the National Treasury laid down the law and confirmed changes to be set in place by the Draft Taxation Laws Amendment Bill with specific reference to how expats can...