Offshore Investment – Perspective Advisory

What is an Offshore Investment?

Portfolio:

You are investing in USD/GBP/Euros or other currencies NOT ZAR.
You can invest in a large range of unit trusts, ETF’s and other funds.
There are no restrictions on your portfolio – neither on asset class or values.
Which asset class you invest in will be decided on by your risk appetite.

Flexibility:

Complete flexibility including withdrawals at any time.
As this is offshore it will either pay offshore or back into your local ZAR account.
Changes can be made any time lump sums and switches between portfolios.
Note, though, no debit orders can run in offshore investments.

Contributions:

Currently we are limited to your offshore allowances – travel & investment allowances of R 1 million & R 10 million per year respectively.
If you are investing through an endowment structure then there may be other restrictions in play there.

Taxation:

There are NO deductions available against returns from offshore investments. As such these are fully taxable.
Withdrawals will be taxed as if there is a capital gain on the investment.
If you are investing through an endowment structure then there are other tax considerations.

Request a call-me-back

Let us get in touch with you and find out how we can help you look after your employees.