OFFSHORE INVESTING IS NOT ONLY FOR THE SUPER RICH!
There has always been a general consensus that offshore investing is only for high-net worth individuals; however this is NOT the case and specialists in the wealth management services agree!
“We’re seeing a boom in the numbers of middle-class South Africans who want to move their money offshore and diversify their assets and investments for a more secure retirement.”
This was a statement made by the managing director of Sovereign Trust South Africa, Coreen van der Merwe in a recent interview.
Why is this? We'll tell you!
6 Benefits of Offshore Retirement Plans
1. You can receive a tax-free income in retirement as opposed to a tax deduction on contributions while working.
2. Your assets enjoy tax-free growth while being protected in a safe haven that is unaffected by political and economic unrest.
3. You avoid unnecessary duties, fees and taxes such as the 20% estate duty, 3.5% executor’s fee and capital gains tax which are all charged at death on other retirement plans.
4. There is no need for an offshore will as the investment is protected from creditors and will transfer seamlessly to your nominated beneficiary on your death.
5. You can make contributions from anywhere in the world.
6. Contributions are very flexible and you can tailor them to fit your personal circumstances.
Find out how you can set up your own offshore retirement plan by booking a FREE consultation with one of our specialists below.
Comments