Here’s what expats should know.
For those looking to move from South Africa , a burning question often remains: what happens to their hard-earned retirement funds ? How, and when, will they be able to withdraw their retirement interests in South Africa ; and of course, where will these be taxed?
The anticipated introduction of the two-pot retirement system in March 2024 could pose further challenges for expatriates seeking to withdraw their retirement funds from South Africa. ADVERTISEMENT CONTINUE READING BELOW Under this system, a third of all retirement savings will fall under the savings “pot”, with the remaining two-thirds falling under the retirement component.
South Africa Retirement Funds Expatriates Withdrawal Taxation
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