personal allowances – transferring funds
All South Africans – living in the country or abroad – have the financial freedom to transfer funds offshore without having to financially emigrate by putting their annual personal allowances to use.
Foreign Investment Allowance (FIA) – R10million per adult, per annum – tax clearance certificate required. Available to all residents and non-residents, 18+ years of age. Green barcoded South African ID and subject to an active SARS tax record.
Discretionary Allowance (DA) – R1 million per adult, per annum – no tax clearance required. Available to all residents; South African non-residents may use the allowance only in the calendar year when leaving the country – 18+ years of age. Green barcoded South African ID and subject to an active SARS tax record.
Inactive SARS Tax Record? No problem. For personal allowances, offshore funds transfer, forex and banking solutions feel free to make use of any of our services to get started.
cashkows.com is an authorised Financial Services Provider regulated by the South African Financial Services Board. FSP #42872. Approved South African Reserve Bank foreign exchange intermediary. Internationally Accredited PPS Advisor.
latest cashkows.com blog posts
You can say a lot of things about South Africans, but one thing’s for sure – we have a wicked sense of humour. Despite our challenges as a nation, we can all have a laugh at our own expense, irrespective of our class, race or language. And this humour has kept us going through many
If you’ve emigrated from South Africa, chances are you had good reason for your decision. Many South Africans aren’t exactly jumping for joy at having given up their home, but sometimes necessity pushes them to take the leap across the great oceans. One of the greatest causes of stress for
The greatest question for South Africans who plan to emigrate, is where to emigrate to. Although they may have friends and family abroad, there are different drivers that push people out of the country, or pull them to a new destination. Where are the SA expats? By far the greatest South African