The Single Discretionary Allowance (SDA) and Foreign Investment Allowance (FIA) are two key financial tools that residents have to manage their foreign investments and transactions when making money transfers out…
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There are specific rules if you live in South Africa and want to send money to another country. These exchange controls and tax rules are in place to ensure people…
As a South African resident, you have the option to move your finances offshore through the use of two exchange control allowances provided by the South African Reserve Bank (SARB):…
Let’s face it: saving money in South Africa can be challenging. Inflation can eat away at your hard-earned cash; sometimes, it feels like your money isn’t working as hard as…
When it comes to South Africa’s exchange control and taxation systems, big changes are underway. As the country modernises its systems, it is vital for South African expats to stay…
As a South African expat, staying informed about changes in your home country’s financial landscape is crucial, especially when it comes to your hard-earned retirement savings. The recent introduction of…
As a South African expat living abroad, managing your finances in more than one country shouldn’t be a source of anxiety for you. But, with the South African Revenue Service…
Planning to transfer funds overseas? Whether you’re investing, sending gifts, or managing international business, understanding the role played by the South African Revenue Service (SARS) in this process is important….
If you’re planning your financial transition out of South Africa, there are a number of important things you need to be aware of when it comes to the exchange control…
Theoretically, South African residents can transfer up to R11 million per individual, per year out of the country using their exchange control allowances – namely the Single Discretionary Allowance and…