With the South African economy currently in recession, lessening the effects of Rand volatility is a top priority for many people at the moment. Many expatriates have retirement funds and other assets in South Africa that they would like to withdraw and transfer offshore. This is known as the process of financial emigration. SAFFA.com had a look at the most common questions about this process below.
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What South African expats need to know about financial emigration and recession
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The 30 UK job markets that are almost ‘restriction-free’ for South Africans
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If you’re an expert in one of these fields, you can work in the UK with barely any limitations. If you watch a certain reality show, then you’ll already know that South Africa’s Got Talent. However, an exceptional set of skills can do more than impress a set of judges these days. It can earn..
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Tax on property, money and shares you inherit in the UK
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This is because any Inheritance Tax (IHT) due should be paid out of the deceased’s estate before any cash or assets are distributed to the heirs. However, the recipient is liable to income tax on any profit earned after the inheritance, such as dividends from shares and to capital gains tax on the increase in..
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2018 set to bring new (official) emigration record for South Africans leaving SA
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Whilst the unofficial amount is undoubtedly far higher, a new official emigration record is being predicted for 2018. The experts say more South Africans are leaving than ever before. Why? Need they still ask? With so much going on in South Africa practically every day, South Africans are set to break their own emigration record..
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South African Expats (SAFFAs) with Kids Take Six Months to Settle but it Makes Families Closer
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Despite the benefits of raising a family abroad, parents and children alike take time to settle into their new life. However, the challenge can bring families closer together, according to new data. Almost half of expat parents say their children take longer than six months to feel at home in their new country, with 25%..
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Piccadilly Rooftop Live Music Party @ Century Club
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Starts in 1 day Fri 20 Oct 18:30 – Sat 21 Oct 03:00 Address:- Century Club 61-63 Shaftesbury Ave, W1D 6LQ London We are thrilled to invite you to our next Official Event at Century Club, a private members venue in Piccadilly, the heart of London! The first 100 attendees will receive a free welcome..
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