The rules are changing. In 2021 the formal process of financial emigration through the South African Reserve Bank will be phased out. What does this mean? It means that South…
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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…
Withdrawing from Retirement Funds Upon Emigration – Everything’s About to Change from March 2021
Have you heard the latest news regarding the Draft Taxation Laws Amendment Bill that will change the way SA expats access their retirement annuity funds when emigrating from the country?…
Retirement annuities are fantastic long-term, tax-efficient savings vehicles designed to set you up for your golden years – but what happens if you no longer plan to retire in South…
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…
Saving for your retirement is one of the most important things you can do for yourself during the course of your working life. In South Africa, a retirement annuity with…
Planning, saving and investing for your retirement is one of the most important things you can do during your working life. One of the most sensible ways that people prepare…
Retirement annuities (RAs) are designed with long-term saving in mind. Legislation surrounding the governance of RAs is extremely strict, and access to the funds in your retirement annuity is tightly…
If you’ve moved to the UK or a move is in the cards for you, one of the things you’re going to have to think about when planning your future…