Tag: annuity
Pension funds & emigration – tax impact
Investing in an offshore retirement fund is one way of growing your wealth in a stable economy over the longer term, or even gaining residency in a foreign country. However, for South Africans, this scenario presents as many challenges as it does opportunities and should only be considered after consulting with a financial adviser and tax expert.
The tax burden on annuitants – spread, not lightened
The latest move by SARS to require the withholding of PAYE from annuity payments at an 'Effective Tax Rate' as required in directives issued to payers of annuities may help some annuitants to plan their finances but may disadvantage others.
