The following is a summary of the funds you may transfer offshore as part of your financial emigration –

  • Any proceeds of your retirement annuity, before age 55.
  • South African source inheritance.
  • any proceeds of assets (must be declared in your emigration application).
  • all passive income (this includes rental income, salary, dividends, director’s fees, and income from discretionary or vesting trusts).
  • any proceeds from a third party life policy.

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