Home » Exchange Control South Africa » Ex-pat Pensioners enjoy Exchange Control Freedom

Ex-pat Pensioners enjoy Exchange Control Freedom

On our Exchange Control Blog we posted an interesting Exchange Control update (Circular 4 of 2014) refers. See http://wp.me/P4efR1-q

In short:

Ex-pat Pensioners residing abroad (not having formally emigrated) can now extract their monthly pension and retirement annuity income from South Africa (SA) without the need of a tax clearance certificate, despite living abroad as so called temporary non-residents.

TAX ISSUES

UK resident ex-pat pensioners must take note of their NDR status and the tax consequences of remitting SA pension to the UK.

UK, USA, Australia and New Zealand ex pat pensioners may need to avail to treaty benefits to extract their pensions tax free from SA.

Should you need help complete the section below and we will be in contact.


1 Comment

  1. […] Retired and living outside South Africa – think twice before your emigrate as your SA pension is now freely transferable i.e. neither a tax clearance nor a formal emigration is required. Pensioners Freedom […]

    Like

Comments are closed.

%d bloggers like this: