MONEY CLINIC | I am emigrating but will work remotely for my SA employer How will I be taxed?
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MONEY CLINIC | Is the tax legislation intended to tax expats in SA on their foreign earnings?
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A Fin24 reader who is concerned about her son wants to know if it would be best for him to financially emigrate to the UK.
She writes:
My 28-year-old son, a South African citizen, is employed as a civil engineer in the UK, where he has permanent residency.
He owns property here, is a beneficiary of a trust and may one day wish to return to South Africa.
Would it be advisable for him to emigrate financially?
Ryno Viljoen, chief executive officer of
Financial emigration should only be considered if there is a real purpose to exit the South African financial system. Based on the information provided it probably serves no purpose for your son to go this route as there is no real benefit to be derived.