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Retiring and Pensions

South Africa - Retiring and Pensions


Given the favorable exchange rate, South Africa remains a viable alternative for expatriate retirees. As is the case anywhere in the world, location is a major determining factor in price and properties can be found that range from $30,000 in middle-class areas to over $1,000,000 in the affluent areas of Johannesburg, and in the sought after coastal areas. A disparate array of properties are available in gated communities, serviced apartment complexes, suburbs and isolated farmland.

Pensions received from a foreign source and paid into a local bank account are not liable for tax though this dispensation is currently under review. South Africa holds fully ratified tax treaties with a number of countries, including Australia, Japan, the United Kingdom, US, Thailand and Sweden.

Immigrants should be aware, however, that legislation and decisions made in their country of origin can affect their pensions, such as was the case in 2003 when the pensions of almost half a million expatriate Britons were frozen.


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Expat Health Insurance Partners


Bupa Global

At Bupa we have been helping individuals and families live longer, healthier, happier lives for over 60 years. We are trusted by expats in 190 different countries and have links with healthcare organisations throughout the world. So whether you're moving abroad for a change of career or a change of scene, with our international private health insurance you will always be in safe hands.

Cigna

Cigna has worked in international health insurance for more than 30 years. Today, Cigna has over 71 million customer relationships around the world. Looking after them is an international workforce of 31,000 people, plus a network of over 1 million hospitals, physicians, clinics and health and wellness specialists worldwide, meaning you have easy access to treatment.