South Africa Closes Foreign Pension Exemption, Leaving Thousands of Expats Facing New Tax Bills
JOHANNESBURG, Aug 20 2026 – For decades, South Africans who built careers abroad could return home knowing their foreign pension income would largely be shielded from local taxation. That certainty ended on 1 March 2026, when an amendment to the country’s Income Tax Act quietly but consequentially took effect — one that tax specialists say…