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We have great news about cashing in your retirement annuity South African expat!

By December 17, 2019January 19th, 2023Retirement annuities

We have great news about cashing in your retirement annuity South African expat!

December 17, 2019


The good news is that you are entitled to cash in your retirement annuity if you have emigrated from South Africa. You may have left South Africa a couple of years ago and have now settled down into your new homeland and suddenly remember about your retirement annuity, your hard-earned cash that you stashed away for the future, that’s still locked up in South Africa.

As a South African citizen, you may have been quite happy to comply with retirement annuity fund rules, but now that you are deciding to emigrate, or have already emigrated, things have changed. Of course, your retirement annuity will become money that you would want to access. The only slight drawback of retirement annuities is that they have been strictly governed by the Pensions Fund Act that stipulates that the funds are only accessible after the age of 55, or at retirement. The shocking reality is that many South Africans have happily emigrated to their new countries that they now call home, but are blissfully unaware that they now possess the opportunity to unlock their retirement annuity and cash it in through a process called financial emigration.

The secret to unlocking your retirement annuity

Life is busy, so you may be wondering to yourself where in the world you will find yet more time to fit in the daunting task of trying to figure out what financial emigration is all about and how to go about it. And this is where FinGlobal features in the picture to help you understand and get it right. Firstly, we would like to let you know that we know exactly what the financial emigration process entails, and rest assured, it will not mean that you have to give up your South African citizenship.

Next, in order to commence with the successful financial emigration and cash in your retirement annuity fund, there will be some rules that you will need to comply with to meet the exchange control rulings laid out by the South African Reserve Bank (SARB).

Cashing in your retirement annuity is really this simple

Financial emigration can be an arduous and complicated affair that most people would rather just avoid. But FinGlobal is a pro at this and will simplify the process for you. We are a registered financial services provider, with a team of experts who understand the South African retirement annuity fund rules and exactly what SARS and SARB requirements are, and what they will be expecting from you. You will be asked to submit some documentation such as a copy of your tax clearance certificate, your certificate of residency, a copy of your passport to prove that you have indeed exited South Africa, and a few other documents. But don’t worry about that for now, once you have contacted us, we will inform you of everything that will be required of you to successfully cash in your South African retirement annuity. And then we will do all the hard work for you!

Once we have unlocked your retirement annuity for you and assisted you with the transfer of funds to your current country, you will be pleased to hear that you do not have to necessarily re-invest in another retirement annuity or pension fund in South Africa. The money will once again land in your very own pocket and you will have a brand new opportunity of choosing exactly how you wish to invest or spend it.         

Our experts will ensure you cash in your retirement annuity  

Our guys know the rules of this game! Let our great team of retirement annuity experts help you with the legal process of financial emigration so you can cash in your retirement annuity in the most simple and hassle-free way possible. Just contact FinGlobal and you will receive a free consultation at a time that is convenient for you. Our experts will then assess your retirement annuity fund requirements and get straight back to you.

If you agree to proceed with cashing in your retirement annuity, you will receive a quote from us. Fees will remain transparent throughout the process and will only be expected once the released retirement annuity funds reflect in your account.

So give us a call today and let FinGlobal walk the journey with you to successfully cash in your retirement annuity. We will ensure that you receive every hard-earned cent you left behind in South Africa when you emigrated. 

And don’t forget to share the good news with your South African expat friends!

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