Emigration is a significant life change, and along with packing boxes and saying goodbyes, you’ll need to address your financial portfolio. Specifically, what happens to your investments when you leave…
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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…
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…
Most South Africans started paying into their retirement annuities long before they even considered emigrating, with the plan to have enough savings squirreled away to see them through as they…
If there’s one thing that triggers an anxiety attack for South Africans, it’s the idea of the government going after their retirement savings. With the tax rule changes that almost…
The South African Reserve Bank recently confirmed that they are investigating the possibility of launching a “digital rand” and that this research should be complete sometime next year. A rising…
South Africans living and working abroad should take note of upcoming tax and exchange control amendments that could potentially affect tax affairs and finances from next year. In case you…
South Africans all over the world are feeling the financial pressure caused by the COVID-19 pandemic. Most people have had their hours reduced, their pay cut and many are facing…