Craig Torr
4 minute read
6 Mar 2020
2:16 pm

The 9 not-so-obvious costs of emigrating from SA

Craig Torr

Unanticipated and hidden costs – compounded by the currency conversion – can throw your plans off-kilter.

Picture: iStock

The decision to emigrate is never one taken lightly. From a financial planning perspective, there is an enormous amount of work that needs to be done to ensure a smooth financial transition. Here are some not-so-obvious costs that you may want to consider before deciding to emigrate. Scouting costs Before making the life-changing decision of relocating permanently to a foreign country, you will likely visit the country first to do some scouting around, set up some interviews, investigate the business and/or work opportunities, visit schools and get a general feel for the country. You will need to consider the costs...