The year 2021 is now coming to an end and it was a rollercoaster ride for South Africans who are living and working abroad. From 14-day quarantines to resolving their tax situations, it was a year of adapting and being uncertain about what could happen the very next month. The biggest topic and emigration change was certainly the process of “Financial Emigration”. Moving into 2022 which will bring about its own challenges, it is important to settle the dust revolving around “Financial/Tax Emigration” and provide a transparent explanation of the process and reasonable costs thereof.
How to save up for when it is safe to travel again
Save for your next trip by saving in foreign currency when the markets are in your favour.
Do you have wanderlust? Join the club. While we wait for borders to reopen for international travel, Nedbank can get you focused onwards and upwards – physically and mentally. It’s about making your money work for you by saving the right way for your international travel goal.
But this is no ordinary savings account. It’s a smart way to bank the benefits that come with putting away money in a foreign currency, when the exchange rate is in your favour.