Streaming issues? Report here
Buhle Madulini 2019 BW Buhle Madulini 2019 BW
SportsTalk with Buhle Madulini
19:00 - 21:00
volume_up
volume_mute

Up Next: Talk at Nine with Gushwell Brooks
See full line-up
SportsTalk with Buhle Madulini
19:00 - 21:00

Home
arrow_forward
MyMoney Online

Considering emigration? Financial planner discusses the affordability of leaving

6 December 2019 11:04 AM
Can you afford to leave South Africa? Certified Financial Planner (CFP) Barry O'Mahony on what to consider before deciding.

Anecdotal evidence suggests that many South Africans are considering emigration.

A move abroad has financial consequences – often extreme – which you should be considering if you’re a would-be émigré.

pixabay.com, 2019
  • Can you afford to leave South Africa?

  • What do you need to consider before deciding if you should stay or go?

The Money Show’s Bruce Whitfield interviewed Barry O'Mahony, Certified Financial Planner (CFP) at Veritas Wealth Management.

…50% of people [his clients considering emigration] haven’t been to where they’re planning on emigrating to…

Barry O'Mahony, Certified Financial Planner - Veritas Wealth Management

You must always retire to something. You mustn’t retire to get away from something.

Barry O'Mahony, Certified Financial Planner - Veritas Wealth Management

The people who end up in a complete mess are the people who are driven by money first.

Barry O'Mahony, Certified Financial Planner - Veritas Wealth Management

The later you do this in life, the more dangerous it is.

Barry O'Mahony, Certified Financial Planner - Veritas Wealth Management

Official emigration from South Africa is a Capital Gains Tax event… all your offshore assets, they too fall into a Capital Gains Tax event… If you cash in your pension fund… you’re paying 36% tax… a game-breaker for most people…

Barry O'Mahony, Certified Financial Planner - Veritas Wealth Management

Listen to the interview in the audio below.

Enjoy The Money Show, but miss it sometimes?

Get the best bits emailed to you daily, right after it ends:

Subscribe to our Business Wrap Newsletter


6 December 2019 11:04 AM

Recommended

More from MyMoney Online

Piggy bank mask covid-19 coronavirus 123rfbusiness 123rflifestyle 123rf

'If you still have a job, get rid of your debt as fast as you can'

2 April 2020 8:04 PM

Personal finance expert Warren Ingram has advice on how to survive – or even thrive – amidst the Covid-19 outbreak.

Share this:
Read More arrow_forward

Sorry we closed small business 123rfbusiness 123rf

Covid-19: Struggling to pay - or collect - the rent?

2 April 2020 7:37 PM

The Money Show's Bruce Whitfield interviews property lawyer Julian Scher about rental payment problems caused by Covid-19.

Share this:
Read More arrow_forward

household-bills-debt-expenses-money-finances-black-young-couple-worried-123rf

Struggling to pay a debt? Your options: credit insurance vs debt relief holiday

1 April 2020 6:29 PM

Personal Finance expert Maya Fischer-French on the pros/cons of dipping into credit insurance vs opting for a debt relief holiday.

Share this:
Read More arrow_forward

Volkswagen VW Polo

Find out what your car is worth – in other words, its 'book value'

11 March 2020 3:21 PM

Motoring journalist Ciro de Siena answers a listener who enquires about the book value of his vehicle.

Share this:
Read More arrow_forward

renting letting property tenant landlor 123rfproperty 123rflifestyle 123rf

Renting and letting property – FAQs and help to enforce your rights

2 March 2020 3:12 PM

Pippa Hudson interviews Marlon Shevelew, a property attorney at Marlon Shevelew and Associates.

Share this:
Read More arrow_forward

Retirement planning personal finance 123rfpersonalfinance 123rflifestyle 123rf

How much you need to retire: Stellenbosch University devises a new formula

2 March 2020 2:26 PM

Elze-Mari Roux (Dept of Business Management) explains the new approach to calculating how much you should save towards retirement.

Share this:
Read More arrow_forward

tax-e-filing-tax-refund-claim-SARS-taxpayer-paper-work-123rf

How to pay less income tax – a beginner’s guide

2 March 2020 10:11 AM

Monica Moodley (Old Mutual Personal Finance) discusses what’s probably, for most people, the single best way to pay less tax.

Share this:
Read More arrow_forward

black-family-house-for-sale-sold-property-household-investment-bond-rent-123rf

Earn below R22 000? You may qualify for a housing subsidy of up to R121 626

25 February 2020 1:12 PM

There’s a government subsidy you may not have heard about. Abongile Nzelenzele interviews 1Life’s Katharine Liese.

Share this:
Read More arrow_forward

piggy-bank-coins-money-budget-savings-personal-finance-123rf

The safest investment in South Africa guarantees returns that beat inflation

25 February 2020 10:34 AM

This boring yet brilliant investment is safer than money in the bank and often more lucrative.

Share this:
Read More arrow_forward

credit-score-poor-healthy-personal-finances-money-debt-123rf

Late school fees, underpaying by cents… little things smash your credit profile

24 February 2020 11:31 AM

Financial Planner Gerald Mwandiambira on how important a credit profile is and the surprising little things that affect it.

Share this:
Read More arrow_forward