As soon as we start making money, we are taught not to touch our retirement savings. The thought of transferring South African pension or retirement annuities abroad just feels counterintuitive. It should stay where it is and not be touched, right?
In most cases, of course, this way of thinking is 100% correct. You shouldn’t fiddle with your retirement reserves unless it’s necessary. Certainly not if you’re still living in South Africa and planning on staying here, or if you’re living abroad for a while and planning on returning. But if you’re an expatriate planning on staying put in your new country of residence, or if you need a financial boost to start your new life – the rules change.
Cash in your retirement savings
And thanks to legislative changes in 2008, you can now cash out your retirement savings before the age of 55 if you’ve moved abroad. You can then choose to reinvest this money, transfer it to your foreign pension fund or use the money to lead the life you’ve always wanted. In fact, you may even profit from transferring your pension fund or retirement annuity to your new home.
Of course, it takes some administrative wangling, but luckily this isn’t something you need to manage alone. If you engage with our services services, you don’t need to make any upfront payments – we receive payment from you policy proceeds only after our services have been concluded. But don’t trust our word for it – hear what our customers have to say below. Visit the cashkows.com testimonials page for more testimonials.
I left SA nearly two years ago and spoke to several people with regards to cashing my retirement annuities and getting the money to Europe. A friend of mine suggested Cashkows. I contacted them and Werner Kriel guided me from day one until today when my policies will be paid out. The most professional company I’ve dealt with – what a pleasure! Thank you – Thelma Georgiev
I’m now living in Ireland and approached cashkows to help me with my financial emigration process, as this can be a very painful thing to attempt on your own. cashkows took care of everything, keeping me updated every step of the way. They made sure I had all the relevant paperwork filled out correctly, followed up with all parties from SARS to my bank to my R.A. I am extremely happy with the efficient and friendly service I received from cashkows, and would happily recommend them to any South African expats. Thank you for taking the pain out of my emigration experience. – Angela Ross Innes (Scotland)
I am based in the UK & recently used cashkows to complete my emigration process from South Africa. They executed all the necessary requirements to finalise matters with SARS and to surrender various policies I had. They made all the arrangements for the funds to be transferred to my UK bank account and the entire process was efficient and painless. If you’re thinking of emigrating cashkows know their stuff – I’d recommend them. – Maxine Jones (UK)
Excellent and professional service from the cashkows team! What a pleasure after trying to deal with the bank and insurance companies on my own! – Anton Hefer (Canada)
I want to thank cashkows for the professional and excellent manner they have handled the transfer of my money to Australia and would highly recommend them. – Jeanette Botha (Australia)
We were vary wary about who to use in order to bring our money out to Australia. A friend suggested we use Cashkows ,and we were very impressed with their very professional staff and the way they dealt with us, our money, our insurance policies, our tax, and getting everything wrapped up in order to emigrate. We couldn’t have asked for a more professional service. THANK YOU CASHKOWS – Kim Mohr Cross (Australia)
These guys were awesome what fantastic service in getting my investments released from South Africa. They did everything the said they would and more. What a pleasure. – Graydon Michelle Parsons (USA)
Faultless service from cashkows – highly recommended if you want professional, efficient and complete service. – Jenny Burrow (New Zealand)
My husband & I recently completed our financial emigration through cashkows (we live in the USA). We would like to thank everyone at cashkows involved in our process, for making what normally is a long, complicated matter into a smooth, problem free process with a surprisingly quick turn around. Communication was efficient, instructions very clear, all our questions were answered effectively and the estimated time frame for completion of process was spot on. Thank you again cashkows – excellent service and highly recommended!!! – Angela Foxcroft (USA)
cashkows helped me recently to first ‘discover’, and then to move some money that belonged to me over to the UK! I can recommend them if you need to get money from South Africa to wherever you live abroad! – Gert Cornellison (UK)
Excellent service, cashkows moved my money out of SA and into my Australian bank as promised, on time, at the fees agreed and no hassles. I would thoroughly recommend cashkows to anyone who has money stuck in SA. – Maurice Gulliver (Australia)
Well organized and professional – great to experience customer service of this calibre. – Hein Gerber (Canada)
Folk, including myself, can sometimes be sceptical about using such services….. BUT I am blown away about how easy and painless cashkows’ team of folk made it for me. Only wish I had known about them earlier instead of 16 yrs after moving country. A very professional bunch of people who were an absolute pleasure to deal with. Thankyou for a great service. Highly recommended indeed! — in Auckland, New Zealand. – Jeanette Wingels (New Zealand)
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