POLICY WITHDRAWALS

Need to withdraw your South African policies?
We can provide you with an optimal solution that
aligns with your current
country of residence

CONTACT US

Full Name*
Email Address*
Contact Number
Since when have you been working outside South Africa?*
Where are you currently based?*
How long do you intend to remain abroad?*
Is your GROSS income above the R1.25 million expatriate tax exemption cap?*
Where did you hear about us?*
Any additional information you wish to add?
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DID YOU KNOW?

Prior to March 2021, individuals who ceased their tax residency and confirmed their emigration status with the South African Reserve Bank could withdraw their retirement interest in South Africa immediately. With effect from 1 March 2021, these retirement benefits are locked in for a minimum period of three years, after which they could be fully withdrawn (subject to lump sum tax implications). The three year-rule does not imply that, an individual who wishes to withdraw their retirement interest should post-pone their formalisation of non-residency until the three-year period has lapsed. This is a risky approach that should be avoided.

South Africans who have formally ceased their tax residency status by using financial emigration or have been noted as non-residents for tax purposes in South Africa have the rare opportunity to withdraw their retirement funds from South Africa without having to wait until the maturity date.

HAVE YOU CEASED YOUR TAX RESIDENCY YET?

A benefit to starting your financial emigration process now, even though you have been living abroad for more than 3 years, is that we will be able to backdate your financial emigration/non-residency status to prove that you have been a non-tax resident for more than 3 years, thus allowing you to immediately withdraw your policies once your financial emigration application has been successful.

THE GOLDEN LETTER:

Further to meeting the requirements for the 3 year lock
in rule, one requires a Notice of Non-Resident Tax Status Letter to successfully
withdraw your policies.

Find Out More

TAX NON-RESIDENCY AND POLICY ENCASHMENT | ROADMAP

Where a Tax Treaty applies, it is critical to understand the correct tax treatment of the encashment beforehand – potential double taxation / SARS refund required. Our specialists provide you with personalised guidance to navigate these complexities.

CONTACT US

ENQUIRE NOW ABOUT OUR FINANCIAL EMIGRATION SOLUTION

Full Name*
Email Address*
Contact Number
Since when have you been working outside South Africa?*
Where are you currently based?*
How long do you intend to remain abroad?*
Is your GROSS income above the R1.25 million expatriate tax exemption cap?*
Where did you hear about us?*
Any additional information you wish to add?
CAPTCHA
Comments
This field is for validation purposes and should be left unchanged.

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POLICY WITHDRAWALS

Need to withdraw your South African policies?
We can provide you with an optimal solution that
aligns with your current
country of residence

CONTACT US

DID YOU KNOW?

HAVE YOU CEASED YOUR TAX RESIDENCY YET?

THE GOLDEN LETTER:

TAX NON-RESIDENCY AND POLICY ENCASHMENT | ROADMAP

CONTACT US

Find Us

Contact Details

In the News

POLICY WITHDRAWALS

Need to withdraw your South African policies? We can provide you with an optimal solution thataligns with your currentcountry of residence

CONTACT US

DID YOU KNOW?

HAVE YOU CEASED YOUR TAX RESIDENCY YET?

THE GOLDEN LETTER:

TAX NON-RESIDENCY AND POLICY ENCASHMENT | ROADMAP

CONTACT US

Find Us

Contact Details

In the News

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Need to withdraw your South African policies?
We can provide you with an optimal solution that
aligns with your current
country of residence