Emigration: Australia & New Zealand

phaktza

Executive Member
Joined
Jun 29, 2008
Messages
7,451
Been posted before, but contains some updated info. In short, death and taxes are unavoidable.

https://www.fin24.com/PartnerContent/everything-south-africans-need-to-know-about-expat-tax-20190722

https://www.ato.gov.au/Rates/Individual-income-tax-rates/

So if you are a top earner and already taxed at 45% in Aus, then SARS can't claim expat tax from you.

Also interesting is the Medicare levy surcharge if you earn above a certain amount and don't have a private medical fund. So many little gotchas when looking at moving overseas.

https://www.nib.com.au/health-information/healthcare-in-australia/medicare-levy-surcharge

* Seems like the surcharge will cost you at least $75 a month (if you earn over $90 000 a year), in which case you might as well get a basic hospital plan which costs about the same from what I've seen online.
If I'm earning $180000+ I'm not complaining ;-)
 

crawler

Senior Member
Joined
Nov 5, 2013
Messages
959
Update my info a little - Still in SA unfortunately

With an baby due end of the year, we paused a bit

I will however go over April 2020 to look for work if I cannot secure work from this side till then

Any advice or new info for NZ specifically?

Post #65
Get the following ready + info:

IELTS (Valid 2 years) 6.5 & above score

OR

https://pearsonpte.com/southafrica/

Standard Price - ZAR 2,645
Late Booking Price - ZAR 3,306.25

“Some differences I noticed between the practice and actual test:

- You don't get all the timers like in practice. e.g. describe image, so while there is a progress bar you don't know the exact time you've been speaking for, making it a bit more difficult to judge.
- The word counter stops at the limit, so if you have 75 words it will still only show 70, something to be aware of.
- There is an extra confirmation when clicking next.
- There is a slight delay when typing, maybe because of latency in the connection to the servers.
- There were some blurry spots on the monitor, which I reported afterwards.

It would be nice to have a few more minutes for writing as time is really limited and you don't have much time to think / waste in that section. They can easily take time from the last section and give more time for writing.

There were some people there that had done the test before and missed out in sections like writing. All of the test takers were doing it for immigration”


R3055 Adults

R1000 kids under 12

  • PCC - Police clearance certificate – Take directly to PTA to speed up (Valid 6 months)
R114 per application

The application may also be delivered by courier to:

The Head of the South African Criminal Record and Crime Scene Management

(For attention: Police Clearance Certificates)

Bothongo Plaza West

CRC Client Service Centre

1st Floor, Room 14

271 Francis Baard Street

PRETORIA


Driver license – straight convert with some paper work

Bank account – Need proof of residency or employment contract

*Check Annual leave + sick leave on employment contract


Visas – VFS global

http://www.vfsglobal.com


NZ Gov web links:

https://www.immigration.govt.nz/new-zealand-visas/apply-for-a-visa/tools-and-information/tools/points-indicator-smc-28aug

https://www.immigration.govt.nz/new-zealand-visas/apply-for-a-visa/visa-factsheet/skilled-migrant-category-resident-visa

https://www.immigration.govt.nz/new-zealand-visas/apply-for-a-visa/tools-and-information/tools/accredited-employers-list


Agents to assist:

http://eaglemigration.co.nz/ $150 consultation – Started process with them

They assist with cover letter with CV to advise employer you are using immigration officer and work visa is in order


https://www.nzmigration.com

http://www.immigration.co.nz/

http://www.immagine-immigration.com

https://www.networkmigration.com/


Job websites:

https://www.seek.co.nz/

https://nz.indeed.com/

https://www.trademe.co.nz/


Container services:

http://www.sevenseasworldwide.com/en-nz/moving/movecube

Large Cube 226x146x187cm – R17 000

PLUS destination charge of NZD500 – R4350

www.bayleyworldwide.co.za

http://www.execu-move.co.za/

20 foot container (2.35 m x 2.39 m x 2.34 m) - R 83 000


2nd hand goods – Facebook & TradeMe website


Banks:

https://www.bnz.co.nz/personal-banking/international/moving-to-new-zealand

https://www.asb.co.nz/moving-to-new-zealand?fm=header:menu:moving_to_new_zealand

https://www.anz.co.nz/personal/migrants-travel-foreign-exchange/microsite/en/move-to-nz/


Car buy (Jap imports)

https://www.trademe.co.nz/

https://www.turners.co.nz/

Budget car at $2000 - $5000

Loan is dependable on number of months left on your work visa.


Insurance companies – Tower, Youi, AIG, State, AMI, Zurich, AA, Sovereign, NZI, FMG


Living cost monthly:

https://sorted.org.nz/

https://www.newzealandnow.govt.nz/living-in-nz/money-tax/comparable-living-costs?utm_source=Immigration New Zealand&utm_medium=email&utm_campaign=postreg_work&utm_content=Cost of Living | New Zealand Now&utm_term=living

Rent: $1500 - $2000 monthly

Groceries: $400

Mobile: $16 for about 1GB and 100 minutes talk time

Electricity: $50

Hot water: $40

Day care: $200 (20 hours per week free)

AT HOP card for buses, trains & ferries

Monthly bus pass: $215 OR Train: $120

Total: $2425


Other:

GP visit: $50

Meds: $7 - $10

ISP: $80 – Provider bibpipe


House in Auckland: $700 000 - $ 1 500 000

Cell networks , Skinny, Spark, Voda, 2degrees
 

creeper

Expert Member
Joined
Nov 18, 2010
Messages
4,914
I’m still interested on how SARS are going to implement expat tax. It is easy if you register as a SA person in a new country when you arrive, as the country emigrating to will require some SA details that can be shared to SARS. However, what happens if the person has dual citizenship. The person won’t require (assumption) to give the country his/her SA details as the person will use the country’s identification, not SA identification info. In a dual citizenship scenario, how will SARS confidentially link the person for expat tax
 

Jchan11hk

Senior Member
Joined
May 12, 2014
Messages
620
I’m still interested on how SARS are going to implement expat tax. It is easy if you register as a SA person in a new country when you arrive, as the country emigrating to will require some SA details that can be shared to SARS. However, what happens if the person has dual citizenship. The person won’t require (assumption) to give the country his/her SA details as the person will use the country’s identification, not SA identification info. In a dual citizenship scenario, how will SARS confidentially link the person for expat tax
I would also like to know, a lot of us have dual citizenships and if we go work overseas and not use our SA passport, then what?
 

GoB

Expert Member
Joined
Jan 7, 2008
Messages
1,408
As far as I understand, these articles summarize incorrectly.

Correct me if I'm wrong... if you're not an SA resident, you only pay tax on income from SA.

You should submit a tax return to SARS and fill in your foreign income, but won't be taxed as a non-resident.

But let's say you leave SA mid-year and start earning lowly taxed income in AU... if you're honest on your tax return, you'll get taxed more if your total exceeded R1m. You'd only get the same big tax refund which you'd be able to claim pre-2020 if you were unemployed in AU.
 

phaktza

Executive Member
Joined
Jun 29, 2008
Messages
7,451
As far as I understand, these articles summarize incorrectly.

Correct me if I'm wrong... if you're not an SA resident, you only pay tax on income from SA.

You should submit a tax return to SARS and fill in your foreign income, but won't be taxed as a non-resident.

But let's say you leave SA mid-year and start earning lowly taxed income in AU... if you're honest on your tax return, you'll get taxed more if your total exceeded R1m. You'd only get the same big tax refund which you'd be able to claim pre-2020 if you were unemployed in AU.
Hands up all those who feel like being honest with SARS?
 

GoB

Expert Member
Joined
Jan 7, 2008
Messages
1,408
Hands up all those who feel like being honest with SARS?
Me... I've been paying every cent due, which is why it's quite annoying hearing from 9/10 people about their tax refunds and undeclared income.

I don't have the 'innocent until proven guilty' mentality unfortunately.

But what I will do in response to SARS' increases is to move all investments overseas, sell pension funds and emigrate.
 

phaktza

Executive Member
Joined
Jun 29, 2008
Messages
7,451
Me... I've been paying every cent due, which is why it's quite annoying hearing from 9/10 people about their tax refunds and undeclared income.

I don't have the 'innocent until proven guilty' mentality unfortunately.

But what I will do in response to SARS' increases is to move all investments overseas, sell pension funds and emigrate.
Yes, but in context, had you been paying every cent due to Australia for the last five years and *now* the South African government comes and demands a further 3%-10% of your income (even though you haven't lived there in years) - would you be so eager to oblige?
 

cguy

Expert Member
Joined
Jan 2, 2013
Messages
4,884
As far as I understand, these articles summarize incorrectly.

Correct me if I'm wrong... if you're not an SA TAX resident, you only pay tax on income from SA.

You should submit a tax return to SARS and fill in your foreign income, but won't be taxed as a non-resident.

But let's say you leave SA mid-year and start earning lowly taxed income in AU... if you're honest on your tax return, you'll get taxed more if your total exceeded R1m. You'd only get the same big tax refund which you'd be able to claim pre-2020 if you were unemployed in AU.
Fixed the above - you are right, but there are SARS set out criteria for tax residency that go beyond physical residency. I am not sure about SA returns, but in most countries (and I have done this for my US returns) it is possible that your tax residency status may be backdated if your plan is to stay out of SA for longer. E.g., you file for an extension, and then file once the new residency claim can be substantiated or you can file a tax amendment, to get back over-taxation that can now be proven.
 

phaktza

Executive Member
Joined
Jun 29, 2008
Messages
7,451
Fixed the above - you are right, but there are SARS set out criteria for tax residency that go beyond physical residency. I am not sure about SA returns, but in most countries (and I have done this for my US returns) it is possible that your tax residency status may be backdated if your plan is to stay out of SA for longer. E.g., you file for an extension, and then file once the new residency claim can be substantiated or you can file a tax amendment, to get back over-taxation that can now be proven.
Yes, if you haven't crossed the Ts and dotted the Is SARS is coming for you in the antipodes.
 

JacquesZA

Senior Member
Joined
Sep 27, 2010
Messages
504
Those who have gone, taking your retirement money ( provident fund) along... how difficult was that, how badly is it taxed? How long does it take ?

Can you take it and re invest there in nz?
 

ryanrich

Well-Known Member
Joined
Aug 4, 2011
Messages
354
Those who have gone, taking your retirement money ( provident fund) along... how difficult was that, how badly is it taxed? How long does it take ?

Can you take it and re invest there in nz?
Depends what type of funds you have. I’ve never been a fan of RA’s so had purely provident funds and got taxed quite a bit. Chose to cash out and transfer abroad though, I want nothing of mine left in SA. Plan to apply for financial emigration as soon as my house transfer is through and my policies have transferred and will denounce citizenship as soon as I get AUS passport.

My last fund I cashed out today was in R212k and I got taxed R38k odd. Sucks, but is what it is.
 

JacquesZA

Senior Member
Joined
Sep 27, 2010
Messages
504
Depends what type of funds you have. I’ve never been a fan of RA’s so had purely provident funds and got taxed quite a bit. Chose to cash out and transfer abroad though, I want nothing of mine left in SA. Plan to apply for financial emigration as soon as my house transfer is through and my policies have transferred and will denounce citizenship as soon as I get AUS passport.

My last fund I cashed out today was in R212k and I got taxed R38k odd. Sucks, but is what it is.
That’s actually less than I expected...
 

phaktza

Executive Member
Joined
Jun 29, 2008
Messages
7,451
Depends what type of funds you have. I’ve never been a fan of RA’s so had purely provident funds and got taxed quite a bit. Chose to cash out and transfer abroad though, I want nothing of mine left in SA. Plan to apply for financial emigration as soon as my house transfer is through and my policies have transferred and will denounce citizenship as soon as I get AUS passport.

My last fund I cashed out today was in R212k and I got taxed R38k odd. Sucks, but is what it is.
Why denounce citizenship, if I may ask?
 

GoB

Expert Member
Joined
Jan 7, 2008
Messages
1,408
That’s actually less than I expected...
If you are on an employer's pension/provident fund, you are allowed to simply withdraw immediately on resignation.
Myself and my wife don't have other types of funds so it seems like the easiest way.

Check the pre-retirement lump sum tax rates.
At 660k : 17.3% total
At 990k : 20.5% total... not bad.
The amount above 990k is taxed 36%.
 

JacquesZA

Senior Member
Joined
Sep 27, 2010
Messages
504
If you are on an employer's pension/provident fund, you are allowed to simply withdraw immediately on resignation.
Myself and my wife don't have other types of funds so it seems like the easiest way.

Check the pre-retirement lump sum tax rates.
At 660k : 17.3% total
At 990k : 20.5% total... not bad.
The amount above 990k is taxed 36%.
Jikes, hope that only the amount i take over 990 will be at 36%


Thats probably why i had a close to 40% figure in my head.
 

web

Executive Member
Joined
Feb 24, 2005
Messages
5,246
Update my info a little - Still in SA unfortunately

With an baby due end of the year, we paused a bit

I will however go over April 2020 to look for work if I cannot secure work from this side till then

Any advice or new info for NZ specifically?
I have been in NZ for a year and a half now, so if you have specific questions let me know. What line of work are you in?
 

crawler

Senior Member
Joined
Nov 5, 2013
Messages
959
I have been in NZ for a year and a half now, so if you have specific questions let me know. What line of work are you in?
Sales Manager at Motor / truck body and trailer builder. So commercial vehicles

Did you get work from SA, and what visa are on currently?

What is quickest way to apply for PR?
 

ryanrich

Well-Known Member
Joined
Aug 4, 2011
Messages
354
Why denounce citizenship, if I may ask?
Makes it easier having 1 passport to worry about and if you have dual citizenship and you’re in SA visiting and the crap hits the fan the AUS government won’t help. You will retain SA permanent residency and can reapply for citizenship at any time.
 
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