Personal Finance & Money Stack Exchange
Personal Finance & Money Stack Exchange

Questions tagged [south-africa]

For questions that relate to the laws, practices, and products of South Africa.

For questions that relate to the laws, practices, and products of South Africa.

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24 questions
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3 answers

Does credit card declined negatively impact your credit score?

I have been told that trying to make a payment with a credit card that declines due to no funds, negatively impact credit score. Is this true? Edit: This was for a payment online. Note that I don't mind getting answers for other countries, as I…
Nightwolf
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5
votes
1 answer

Would high interest rates offset the issue of keeping money in a weak currency?

I am a UK resident and recently I managed to unlock an account in South Africa with FNB that my family had set up for me. The account is worth R90k (~£5k). I have no intention of moving back to South Africa or spending the money there. I want to be…
falkon13
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4
votes
0 answers

Having worked overseas and accrued a pension, can I transfer it to my country of origin?

As a Brit who worked in South Africa for a few years and accrued a pension, now I've returned is it possible to transfer said pension tax-free to a UK pension provider (SIPP or otherwise)?
Rob Grant
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3
votes
2 answers

Do I declare money earned outside Sweden?

I am presently resident in Sweden, but I am not Swedish. However, I do all my work outside the country for a foreign company and leave my money outside, only bringing in what I need. I am tax registered in South Africa. What are my tax…
Wanderer
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3
votes
2 answers

YouTube Monetization. Must I still pay tax even if I'm underage in South Africa?

I live in South Africa. I make videos for YouTube and I haven't monetized my videos yet. I would like to, but I want to know whether I will be subject to taxation even if I'm underage (I'm 15 years old). I want to know whether I will be taxed or not…
Michael Kent
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3
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2 answers

What to do with south african currency free fall

The South African money is losing a lot of its value and media are very pessimistic. What can i do in order to avoid my savings being worthless in a few months ?
Csi
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3
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1 answer

Should I avoid month-end for my foreign salary payments?

I get paid from South Africa into the UK and get to choose which day of the month I want to be paid. I was wondering whether avoiding month-end might give me a better chance of getting a better rate (approximately, of course). Sorry if this sounds…
Justin Lawrence
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2
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0 answers

How do I calculate my provisional tax so I don't get so much tax back?

I am a South African provisional taxpayer with my own business. I usually calculate my provisional taxes only based on my business incomes and expenses. Then when I file my income tax I have a ton of deductions like medical aid and retirement and…
stanri
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2
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0 answers

How do I switch from payment to invoice basis?

I have done my personal finances using payment basis, because it is the simplest and the books of my small business are not particularly complicated. However, I have recently had to register my business for some government things, and with…
user40750
2
votes
0 answers

Claiming an income-tax loss on property rental in ZA

I have a property which has been let out for the past several years. Last year the property was vacant for six months and there were also several expenses incurred for repairs - plumbing, electrician, carpenter etc. For the year as a whole the…
crowne
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2
votes
5 answers

What should I invest in other than pension or real estate

I live in South Africa, and the country is not exactly going in a good direction. I am 24 years old. I would like to start investing in something for my future. One option is to get a pension fund. This has good tax benefits but I don't like the…
Paul Kruger
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0 answers

My Account was used to commit fraud

I started dating Sven at the end 2016, I had just been divorced. He left for Congo in December 2016 and returned in December 2018. Upon his return, he advised that he needed a card where he can receive money. I had a card that I had initially given…
user83712
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vote
1 answer

How do I determine my local version of the American FDIC or NCUSIF insured savings account?

I'm not an American, but I'd like to take advantage of this good advice and put 6 months of emergency funds into a savings account. However, I don't know what account to use locally because there aren't FDIC or NCUSIF accounts here. I have googled…
user40750
1
vote
0 answers

Is the full monetary amount of sub-contracting tax deductible?

At the moment I effectively work for myself, contracting full-time to a single company. I invoice this company $x every month. In the near future, I would like to either hire or sub-contract other people, probably South Africans living in South…
Zach Smith
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1
vote
1 answer

How to join the U.S stock market?

I am from South Africa. I want to find out how to join the U.S stock market as a foreigner. I am currently a musician, a piano player, but trying to explore opportunities to join the financial trading industry. There are lots of scams out there,…
Victor Isaac
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