Make your money work for you
Your Partner in Offshore Investing
Usually when you first entertain the idea of becoming an ex-pat you will Google where to live, what the best schools are in the area and what it is like living in the city or country but unfortunately obtaining financial advice is left to the bottom of the list.
What mostly ends up happening with SA expats is they find out they forgot to do something or didn’t cover themselves well enough when they’re already overseas and it’s too late.
As part of my services to SA expats I offer a Pre-Departure Review. This review provides those SA’a who are about to move overseas with a review of their assets and outlines a step by step recommendation on what needs to be done to organise your finances before the big move. You can either engage me to implement the recommendations or complete them yourself.
If you are considering or have committed to moving overseas I can provide financial advice to ensure that your investments and superannuation are correctly set up so that you can make the most of your time whilst you are abroad.
This will provide you with peace of mind knowing that your financial affairs will continue to be handled in a professional manner.
Superannuation
Is your superannuation compliant? Whether you hold an industry, retail or Self-Managed Super Fund if you are leaving the country you need to ensure that your retirement savings are still managed in a compliant manner.
Investments
Do you own shares, property or any other type of investments? If so, do you know what the tax implications on moving overseas may have on these?
Risk Insurance
Whether you hold Life, or any other types of insurance inside or outside of your superannuation, just because you are paying the premiums on time doesn’t necessarily mean that it is valid once you leave the country.
Property
A key decision for many South Africans who choose to work overseas is whether to sell or rent out their principal residence, which will depend on both personal and financial considerations.
Making Your Money Work Hard For You While Living Abroad
Managing your money as an ex-pat abroad comes with its fair share of challenges. From dealing with local banks and sorting out living expenses to managing taxes and getting a health care plan, and more. Knowing how to manage and protect your finances wisely when you’re in a different country is vital to ensuring your long-term financial stability. While the process may differ compared to living in SA, establishing a good financial foundation can be done so long as you maintain discipline and keep your goals in mind.
Saving and investing should be part of any expatriate’s long-term financial plan. With the number of offshore investment opportunities, ensuring that your hard-earned money works for you can help you achieve your long-term goals. However, this can be difficult for an expat in a new country. As investment options vary across the globe, expats run the risk of getting taxed unknowingly. Thus, identifying the right investment opportunities, developing a strategy and minimizing currency risk are key steps to establishing an effective saving and investing plan.
How I Can Help South African Expats
Preparing To Move Overseas
Managing my sa assets whilst an expat
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Wealth Creation Opportunities As An Expat
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Preparing To Move Back To SA
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About
I provide individual investment and wealth management services for private clients and companies. I've been trusted by clients, large and small to manage, and preserve their wealth. How can I help you with yours?