For those of us who are travelling to the UK for the festive season, we understand the pain of having to exchange our hard earned rand’s for the much stronger, and let’s face it more expensive, Pounds. With the Rand Pound exchange rate at over R22 to the pound, the UK and other European countries work out at to be pretty expensive holiday destinations.
But what if the roles were reversed per se? Imagine having Pound Sterling being transferred into your bank account every month, or being able to build assets in a currency that is 20 times stronger than our own?
What would you do with this extra leverage?
Invest
With pounds rolling into your SA bank account you could invest here or abroad with the ‘extra’ you earn. Keep the money in the UK even as there doesn’t seem to be any signs of the Rand recovering any time soon.
Tertiary education
Make use of a portion of your UK profits to invest in your children’s tertiary education which will take the strain off your SA income.
Retirement
There’s one thing that is a good bet, and that is investing in the UK. Looking at the trend of the economy over the last 100 years, the UK has gone from strength to strength despite the global difficulties and ups and down’s in the UK itself.
If this is something that appeals to you, your best bet would be to contact us to find out more about how we can make this dream a reality.