We want to live of the interest of our UK nest egg without moving it to South Africa? What is the best option?

Question

We want to South Africa and was concerned that with the depreciating South African currency, moving all our UK nest egg there might result in a loss if we decided to come back.

Is it advisable to leave it here, only take an amount substantial for us to settle there but run all our business set up costs and running costs out of our UK account?

Answer 1

obviously if the SA currency is depreciating it would not be a good idea to move your entire nest egg there. Best to keep some in the UK account.