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)

  • Amount: R10 million
  • Who can use it: available to South African residents and non-residents
  • Transfer requirements: tax clearance certificate and green bar-coded ID document

Single discretionary allowance (SDA)

  • Amount: R1 million
  • Who can use it: available to South African residents and non-residents
  • Transfer requirements: green bar-coded ID document

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. 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.

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I recently had a great experience with CashKows and the transfer of my SA retirement annuities to Ireland. CashKows also offered to submit a closing tax return to SARS.

Mike Louw

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