Liquid funds in SA – options for transfer abroad
Even though exchange control legislation has been relaxed over the last year, it’s important to understand that red tape and administrative hurdles still remain when you transfer money from South Africa, irrespective of whether you are already living abroad or still...
New year, new offshore transfer allowance for South African residents abroad
New year, new you? Forget it. This is even better than short-lived resolutions. A new calendar year means that offshore transfer allowances have reset, allowing South Africans to use their single discretionary allowance (SDA) and foreign capital allowance (FCA)...
Expat Money Matters: 2021 deadline for Single Discretionary Allowance & Foreign Investment Allowance is just around the corner!
When it comes to moving money out of South Africa, there are rules and limitations on when and how much you’re allowed to shift offshore. In terms of our exchange control regulations, South Africans have two avenues through which they can move their money abroad. The...