[VIDEO] Tax Migration Traps, Offshore Trusts & Inheritances Explained
Our Managing Director, Lauren Marsh, has joined Andrew Whitewood and Alec Riddle on the Solving the Riddle podcast again. This time the conversation looks at what high-net-worth individuals are doing with their capital, and what happens when you stop being a South African tax resident.
Lauren explains how wealthier South Africans move money offshore using Reserve Bank approvals and trusts, and how those Reserve Bank rules have changed. She also covers the difference between tax emigration and financial emigration. This is an area where people often get caught out: ceasing tax residency can trigger a capital gains “exit tax” that many don’t plan for, and there is a three-year rule on accessing retirement annuities.
For families whose adult children live abroad, the episode looks at the residency and status risks that are easy to miss. It also covers how to handle global wealth and estate planning across more than one country.
The episode also covers:
- Receiving an inheritance from overseas, or sending one out of South Africa, and doing it safely
- Whether to keep funds in a foreign currency account (FCA) or convert them back to rand
- Cyber security in cross-border payments, and how AI can help with exchange control questions
If you’re thinking about moving money offshore, planning to emigrate, or managing family finances across borders, the episode gives you a practical overview of what to consider first.
