Taxation in South Africa
Your guide to taxation in South Africa
As an expatriate, your clients financial plans will need to be flexible enough to meet changes in their lifestyle, such as becoming tax resident in South Africa.
Careful planning can help them boost their finances by preventing tax from eroding their savings and investments unnecessarily, but it does not have to be complex.
When considering their return to South Africa, it’s important to understand their South African tax status and how the tax system back home could impact their finances.
By staying up to date with the latest reliefs and allowances and investing their money in tax-efficient products, they can ensure that they don’t pay any more tax than they need to.
International life plans taken out, while they are an expatriate, can play an important role in their financial planning as they can help them achieve tax efficiency when they return to South Africa.
The information provided here does not constitute investment advice or an offer to provide any product or service by Friends Provident International.
Please seek professional advice, taking into account your personal circumstances, before making investment decisions. We can accept no liability for loss of any kind incurred as a result of reliance on the information or opinions provided here.