Offshore trusts and pension funds are all the rage, but they have consequences

Many South Africans are increasingly looking to move money into offshore pension funds and into offshore trusts. In this edition of Business Law Focus, host Evan Pickworth speaks to international tax expert Dr Albertus Marais, founder of AJM, on the risks and severe penalties of not reporting payments to offshore trusts and how SARS sees the offshore pension contribution as taxable.