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…
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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…
Although leaving South Africa permanently is an exciting, life-altering decision, your emigration isn’t complete when your flight touches down on the other side of the world. There is still the…
Although the South African Reserve Bank (SARB) has relaxed exchange control rules significantly in the past few years in order to make cross-border transactions less onerous, there are still limits…
As the end of 2023 draws near, this is your reminder to make use of your annual exchange control allowances in order to move money out of South Africa. To…
Just because you’re not planning on emigrating from South Africa any time soon, doesn’t mean that your finances have to remain in the country. You can still move your money…
The SARS tax compliance status (TCS) processes involved with making international money transfers out of South Africa have changed. Where previously you would use the TCS – Emigration to repatriate…