​A hard currency solution for your retirement
Don't leave money on the table when you emigrate
Make your pension work for you
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If you live outside of South Africa, it makes financial sense to transfer your retirement savings abroad. After all, your expenses are now in a hard currency - why tie up your wealth in rands, subject to depreciation and volatility, not to mention the poor recent performance of rand-denominated equities. Simply put, if your cost of living is now measured in dollars, pounds, shekels or euros, you need to secure and effectively grow your long term investments.
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Cash out, don't crash out
However, there is a critical consideration. When you choose to cash out your pension, this will have tax implications in South Africa and in your new country of resident. You need experts who have a deep understanding of tax regulations in both jurisdictions and appreciate the global tax framework.
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The Institute for International Tax and Finance will help you optimise your tax burden while ensuring you comply with all relevant regulations. We make international tax simple, efficient and cost effective.
Get in touch for a no obligation chat with a senior global tax consultant.
