FINANCIAL EMIGRATION FUNDS

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); and
  • Any proceeds from a third party life policy.