Cashing in South African Retirement Annuities
Jun 1st 2014, 2:51 am
#1
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Cashing in South African Retirement Annuities
You can now Cash in your South African Annuity without having to wait until Retirement.
It is a complex process and should never be done by yourself. If you do you will simply give up after a few months in trying to get it done and revert back to a professional.
The process requires tax clearances, immigration (financial immigration only), blocked banking accounts and the Annuity provider. The process can take 6 - 8 months to complete given the constant delays by SA Government departments etc.
One main reason to access your funds is the constant drop in the value of the Rand over Time. The value has dropped by around 20% in the past 2 years in comparison to the Aud.
Once the Annuities have been release you can access them from any Country in the World and use it for Whatever purpose you chose.
Our FACT Sheet is attached.
If you need help please do not hesitate to contact me. Cheers John
It is a complex process and should never be done by yourself. If you do you will simply give up after a few months in trying to get it done and revert back to a professional.
The process requires tax clearances, immigration (financial immigration only), blocked banking accounts and the Annuity provider. The process can take 6 - 8 months to complete given the constant delays by SA Government departments etc.
One main reason to access your funds is the constant drop in the value of the Rand over Time. The value has dropped by around 20% in the past 2 years in comparison to the Aud.
Once the Annuities have been release you can access them from any Country in the World and use it for Whatever purpose you chose.
Our FACT Sheet is attached.
If you need help please do not hesitate to contact me. Cheers John
Last edited by john in oz; Jun 1st 2014 at 2:54 am. Reason: update
