Retirement Annuities Cashed Out.
Are you cashing out your retirement annuities and transferring your retirement funds Offshore?
Are you emigrating and planning on taking your RETIREMENT FUNDS out of South Africa?
Retirement annuities can be cashed out in South Africa before retirement age subject to tax emigration rules effective from the 1st March 2021.
If you are looking to cash in a retirement annuity before reaching retirement age (55), the new 2021 tax emigration rules dictate that you will have to prove three years of tax residency abroad before being able to cash in RA’s and transfer the funds abroad.
If you are ready to transfer your retirement funds out of South Africa or have any questions, email WhiteBirch now at email@example.com
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