Investing offshore by staying local offers potential tax advantages

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SPONSORED | Keeping your focus local by taking advantage of money managers operating locally within SA laws, offers some advantages

Keeping your focus local by taking advantage of money managers operating locally within SA laws, offers some advantagesSA investors who find themselves having to cope with the volatility of local markets have long looked towards distant shores to seek better returns for their money because of the strength of advanced economies with leading companies such as Apple, Facebook, Alphabet and Netflix generating extraordinary returns.

With the relaxation of exchange controls and a discretionary allowance of up to R10m a year available to invest overseas, many money-savvy ordinary investors are investigating ways to get into these markets. Something not always considered by many investors is the managing of your estate. Some local investment products use an endowment wrapper, so no additional tax is payable when you need your money if you are the original owner.

The choices you make with your money when heading overseas will influence your ability to enjoy returns in many cases. Keeping your focus local by taking advantage of money managers operating locally within SA laws, offers some advantages.

 

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