Is Your Wealth Still Working for You While Abroad?
Leaving South Africa doesn’t mean leaving your financial responsibilities behind. Many expats unknowingly face tax surprises, currency risks, and outdated investment strategies that could cost them in the long run. Use this quick checklist to see if your wealth is truly optimized for your international lifestyle-or if it’s time to make some adjustments.
| Questions | Yes | No |
|---|---|---|
| Are you aware of the tax implications of earning foreign income while still having financial ties to SA? | ||
| Do you know if you’re at risk of being taxed twice due to SA’s residency-based tax system? | ||
| Do you have a tax-efficient strategy for sending money to or from South Africa? | ||
| Are you confident that your South African will and estate plan are valid in your new country? | ||
| Have you checked whether your SA assets (property, investments) will be subject to foreign estate taxes? | ||
| Do you have a structured plan for currency conversions to maximize exchange rate benefits? | ||
| Have you checked whether your medical aid scheme provides sufficient coverage abroad? | ||
| Do you have a clear exit plan for your South African business, if applicable? | ||
| Do you file both SA and [host country] tax returns annually? | ||
| Do you have a tax-efficient retirement plan for your new country? |
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