The South African Reserve Bank (SARB), in collaboration with various financial institutions, maintains a comprehensive record of the residency status of all South African banking customers.
For South Africans who have ceased their tax residency, unlocking one’s retirement savings becomes a nuanced journey filled with complexity and uncertainty.
In the wake of the recent National Health Insurance (NHI) presentation on October 31st, a significant proposal has been put forward: the elimination of existing medical aid credits for employees enrolled in registered medical aid plans.