Meet Charlie, 33
“My decision to relocate to England and seeking advice around my offshore portfolio brought me to Veritas. However, I soon realised that, had it not been for them, I would have made some very expensive mistakes emigrating from South Africa.”
The Scenario
When Charlie sold her SA based business and made the decision to move to England for an exciting employment opportunity, she approached Veritas feeling daunted and in need of guidance on how to consolidate her financial affairs to move forward with her new life.
The Challenge
- While I was needing specific investment advice, I really hoped I would find a financial adviser to really connect with, someone who would hold my hand through this stressful time of change
- My plan was to sell my business, which potentially meant high tax liabilities both in SA and the UK.
The Veritas Solution
After an hour with the Veritas team, I realised that the offshore portfolio was just one of my problems. I hadn’t realised that emigration can get extremely complex and my previous adviser and accountants clearly didn’t understand the tax implications for me in the UK which would have only surfaced much later.
Veritas helped to guide me through the process step by step. They:
- Built a team around me to embark on extensive pre-emigration planning, which was critical given the timing and sale of my business
- Clearly explained the implications of the different options available to me and helped me to make the right decisions by acting as a sounding board, with wisdom and maturity
- Gave me access to the equivalent service in the UK with an associated firm who has a similar culture, and engagement and implementation process to them
I now live in London. Veritas still manages my retirement funds in SA. It is reassuring to know that they have a good understanding of my UK financial situation and that I can still contact them to discuss any issue at any time.
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