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Some finacial advice please.


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Old 31st July 2012, 09:05 AM
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Users Flag! Originally from england. Users Flag! Expat in southafrica.
Default Some finacial advice please.

On coming to SA i left my bank account open in the UK into which all my income is paid and where i also pay my tax. I live out of the ATM machines and the system works perfectly.
However, now that i am moving towards residency I am wondering whether to transfer all my income into a bank here ( i do have an SA account ), pay my tax here or leaving things as they are and feed my SA account with a regular amount that i can draw from the UK.
Is the devil you know better than the devil you don't know?!!!!!!

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Old 31st July 2012, 05:38 PM
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The Rand is on a continuous slide into oblivion... you should try keep all of your liquid assets in pounds and also try not to keep too many assets in RSA.

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Old 4th August 2012, 03:43 AM
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Yeah. I still have my Natwest account over there too. If you're earning a salary in SA and you don't need the monies paid in to the UK account - I'll totes leave it there. Good luck

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