There has been a lot of noise in the South African expat community around the Draft Taxation Laws Amendment bill (DTLA), specifically the proposed removal of the 183 day foreign tax exemption. This is of particular concern for those living in high living cost environments such as the UAE.With an estimated 120,000 South Africans in … Continue reading South African Tax Law Amendment Bill Commentary
When saving or investing, high rates of return are always attractive. However, there are subtle differences found in the small text that will have a profound impact on your future wealth. Certain aspects worth noting are the type of interest, and the period over which the interest is paid. The two types of interest are … Continue reading Compounding Explained
It can be tempting to put retirement planning on hold. However, putting your money to work at a younger age could dramatically increase your retirement pot, and ensure comfortable living later in life. It is essential to have a plan in place, as it is not something that can be built up over night. … Continue reading Top 8 Ways for Expats to Save for Retirement
Being rich is more a state of mind than a bank balance. With the following steps that we have compiled, you can begin to gear yourself towards this successful mindset. Have the will power to go against the crowd If following the crowd were profitable, everyone would be a millionaire. Instead, learn to buy when … Continue reading 10 Steps to Becoming a Millionaire
On July 3rd, PwC announced that the UK Pension Deficit is currently at an astonishing £460bn, meaning that the potential liabilities of the schemes are greater than the assets. The deficit has been brought about by increasing life expectancy, underfunding by companies, and a fall in equities and bond yields. Due to this deficit, companies … Continue reading What happens If my UK pension scheme has a deficit