Are you earning extra income through a side hustle or considering working abroad as a digital nomad? As the world of work evolves, the rise of side hustles, freelancing and remote work has introduced new complexities to tax obligations. Whether you're a freelancer, gig worker or digital nomad, understanding your tax responsibilities is crucial to staying compliant and optimising your earnings.

In this episode, learn how to navigate your tax obligations in South Africa and beyond with insights from our experts, Bronwyn Trower, Co-Portfolio Manager at Investec Wealth & Investments, and Nicci Courtney-Clarke, Head of Tax at TaxTim.

This episode is packed with useful tips for modern professionals managing new ways of working and multiple income streams.

Everything Counts is a bi-weekly podcast series that focuses on money and financial wellness. Hosted by 702's Motheo Khoaripe, each episode tackles various aspects of personal finance, including saving, spending, investing, pitfalls to avoid and tricks to succeed. The podcast aims to provide valuable information and expert guidance to help listeners improve their financial well-being.

Key Moments:

00:00 Introduction

01:00 Freelancers and tax obligations in South Africa

02:30 Why freelance taxes feel higher than salaried employees

04:00 The importance of keeping detailed financial records

07:00 Common mistakes freelancers make when they’re filing their taxes

09:00 Tax implications of working abroad as a digital nomad

11:30 Dual Tax Agreements and their benefits

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As an Investec client, you have access to a dedicated Investec financial adviser for your life insurance and investment needs. Our advisers provide objective advice with no additional fees or commissions. Ensuring transparency and trust. Experience clear advice with your trusted financial partner. Listen to the full series · Read the full article · Get tax-efficient financial products with Investec · Investec Focus Radio SA