Retirement annuities (RAs) were created as tax-efficient investments for individuals who want to save for retirement. As opportunities for relocation abroad have grown, however, many expats now find themselves in…
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You’ve probably heard by now that formal emigration is out and tax emigration is in. But what does this mean for getting your money out of South Africa? What does it…
Before tax law changes in 2021, South Africans who relocated abroad could cash in their retirement annuities once they’d formalised their emigration with the South African Reserve Bank. This formalisation…
In an effort to simplify and modernise South Africa’s antiquated exchange control a number of changes were made that resulted in the process of formal emigration being phased out. Previously,…
Imagine if emigration from South Africa was as simple as packing your bags and hopping on a jet plane and starting a new life overseas. Unfortunately, this is not the…
It sounds like a dream. Packing up your life in South Africa and heading overseas in search of better opportunities, for your career and your family. However, there’s a flip…