Need access to funds left behind in South Africa now that you’re living abroad? Here’s how to smooth out the process of financial emigration. Saving normally requires you to leave your money untouched, right? While this is usually the case when saving for retirement, the exception to this rule comes into play for South Africans […]

It’s time to bust the myths that surround your retirement savings, as a South African expat. Let’s look at what you can do if you’d like to cash in your RA abroad. When it comes to exchange control and tax law, things can get confusing quickly. Especially when these laws change. That’s why we thought […]

Need access to funds left behind in South Africa now that you’re living abroad? Here’s how to smooth out the process of financial emigration. Saving normally requires you to leave your money untouched, right? While this is usually the case when saving for retirement, the exception to this rule comes into play for South Africans […]

Once South Africans have settled abroad, their thoughts often turn to how they can easily access their South African money. For many expats who have left the country on a permanent basis, these funds are often tied up in a trust. This is largely because trusts are a popular vehicle for South Africans to hold […]

Need to get your hands on funds left behind in South Africa now that you’re living abroad? Here’s how it’s done, according to the taxman’s rules. As a South African resident living abroad, the Reserve Bank, including SARS, has certain exchange control allowance rules about how you’re permitted to access the money you’ve left back […]

When expats leave South Africa and are living abroad, they need access to their South African funds in order to start their new chapter abroad. This often leads to the question of financial emigration and if there are any other alternatives. Your offshore allowance Every South African over the age of 18 has two allowances […]

South African expat living abroad? Here’s what you need to think about before you start the process of encashing your retirement annuity and moving your proceeds abroad. When it comes to your South African retirement annuities, all is not lost simply because you’ve moved to another part of the globe. Tax law amendments made in […]

When many South African expats leave South Africa, financial emigration is the last thing on their minds. It is only once they are settled abroad and consider moving their South African money over to their new home country that they start to explore South African exchange controls and how financial emigration enables the free flow […]

Last year the South African National Treasury proposed to double-tax SA expats living and working abroad for a period of longer than 183 days. The huge outcry that arose resulted in the National Treasury changing a certain aspect of the draft Taxation Laws Amendment Bill, making the first R1 million of foreign remuneration exempt for […]

Many South African expats leave South Africa with their minds firmly focussed on their overseas opportunities – whether they are leaving to explore the world or are starting a new job abroad. It is only once they are settled in their new country and have spent a few years on foreign soil that their thoughts […]

Many people living abroad are not aware that they can financially emigrate from South Africa without affecting their South African residency status, their citizenship or that they can keep their passport. Financial emigration is a compliant step from a tax perspective and a formal process with the South African Reserve Bank (SARB) to change your […]

South African expat living abroad? Here’s what you need to know about your retirement annuity, cashing it in and moving the proceeds abroad. Many South Africans who have emigrated or relocated to other parts of the world, often think that this relocation means leaving everything they once knew behind, including certain financial investments like retirement […]

Many South Africans leave South Africa unaware of their future plans. Perhaps they are going overseas on a year-long expat assignment, or they could be simply travelling and working their way around the globe. As they become more settled in a new country, their thoughts often turn to staying there for the long term, which […]