This offering is quite specific in nature but is an important topic for those clients who have either moved abroad some time ago, or who currently spend time each year working abroad in tax havens and who want to relinquish their status as a South African tax resident.
In 2020 the Reserve Bank intends changing the expat tax law with the implication being that people earning money in offshore markets could be liable for double taxation back in South Africa, even if you spend the required 184 days out of the country. While Foundation Fund Managers are not tax consultants we are well placed to facilitate your formal emigration in conjunction with our proven tax partners.
This service is also perfect for those clients who are either moving abroad or have left some time ago, and who would like to access any RA’s or other retirement products.