Croix Du Sud Investments

31/10/2022

Did you know you can move your Retirement Annuity offshore when you financially Emigrate ?

31/10/2022

https://www.news24.com/fin24/partnercontent/what-can-i-do-to-boost-my-savings-20220930

If you're concerned you won't have enough money to retire comfortably, it's encouraging to know that there are some ways to boost your retirement savings. Jennifer Arendse, head of marketing at Discovery Invest points out a few of those methods.

25/10/2022

https://ewn.co.za/2022/10/20/crypto-assets-now-classified-as-a-financial-product-what-does-this-mean

The Financial Sector Conduct Authority (FSCA) has declared crypto assets to be a financial product in South Africa.

13/10/2022

https://www.moneyweb.co.za/qa/advisor-questions/why-does-a-client-pay-cgt-when-an-asset-manager-rebalances-a-portfolio/?fbclid=IwAR0el8Z-YHQxNMi6NRq3Yshsq6hLPQc5LKOhEuLf2jvUnax1c7_tpLdUY68

This sale and reallocation of the invested monies is seen as a taxable event, even if an investor does not take this repurchase in cash, income or otherwise.

20/09/2022

https://www.businesslive.co.za/bd/opinion/2022-08-05-tick-box-approach-to-tax-does-not-a-non-resident-make/

Stating that you intend to remain abroad, or that you regard yourself as a non-resident, is not good enough for the Income Tax Act