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South African pension transfers abroad demystified

By January 9, 2015June 28th, 2023Unclaimed policies

South African pension transfers abroad demystified

January 9, 2015

The word pension was first recorded in the 1520’s, meaning: a “regular payment in consideration of past service.” As a youngster I recall it was the older generation – people like my grandfather – who earned a pension.

In the same way Hoover became the generic for a vacuum cleaner, the word pension stands in for a host of retirement investment products such as retirement annuities, preservation funds, living annuities, government and corporate pensions, superannuation, QROPS and more …

The common features and benefits: these are all retirement-based investments with the generic purpose to provide members a ”regular payment in consideration of past services.” All South African approved pension products comply with the regulations of the Financial Services Board of South Africa.

As a South African living overseas you too may be of the opinion transferring my pension offshore is impossible. If the truth’s to be known it can be done – there are pension products that can be transferred to wherever you’re living now – irrespective of your predetermined retirement date.

Pension payments are intended to provide for peoples’ one day. When I grow up I also want to enjoy “regular payment in consideration of past service.” just like my grandfather. Wouldn’t you?

The moral of the story – no pension fund or insurance company wants to dictate where their members or investors want to live or retire. As South Africans we’re welcome to live and invest wherever we choose – as long as we do so within the rules and stay within the law. is an authorized South African financial services provider. FSP #42872. The  company has assisted thousands of clients living in over 105 countries to successfully transfer their South African retirement funds offshore. For more information:

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