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Our guide to getting your retirement savings out of South Africa

by Lucy Smith | Mar 08, 2017
  • We’ve put together a handy flowchart to help you work out how you can best move your retirement savings out of South Africa. There are many ways this can be done; and if you’re interested in doing so, we recommend you consult the diagram below and give us a call when you’re ready.
    financial emigration

    Are you a South African living abroad?

    There are literally hundreds of thousands of South Africans living abroad. Many of these expats have settled permanently in their new homes, but may have left retirement annuities, pension funds or other retirement policies in South Africa.

    The good news is that there are many ways that you can  get your retirement annuity funds out of South Africa and to wherever you want them to be.

    Follow this handy flow chart below to get started.

    You can also download it here.

    financial emigration

    Do you need to financially emigrate?

    Depending on your circumstances, and what kind of retirement savings and products you hold, you may have to financially emigrate from South Africa.

    Financial emigration is a process whereby you apply to the South African Reserve Bank to change your residence status to that of a non-resident. You can only make this application with the SARB if you intend on emigrating indefinitely.

    Remember: Changing your status with the SARB does not revoke your South African citizenship. You may return to South Africa one day should your circumstances change. At such a time you can make another application with the SARB to revoke your emigrant status should you choose to live in South Africa.

    For any help in retrieving your South African retirement savings give our financial emigration team a call today on +27 (0) 21 657 2133. Alternatively, you can send us an email on and we’ll get back to you.

    We are a professional services company that specialises in cross-border financial and immigration advice and solutions.

    Our teams in the UK, South Africa and Australia can ensure that when you decide to move overseas, invest offshore or expand your business internationally, you’ll do so with the backing of experienced local experts.

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    South Africa

    Cape Town

    Regent Square
    Doncaster Road
    Kenilworth 7708 +27 (0) 21 657 2120


    25 Richefond Circle
    Umhlanga 4320 +27 (0) 31 536 8843

    United Kingdom


    One Croydon
    12-16 Addiscombe Road
    Croydon CR0 0XT +44 (0) 20 7759 7514



    9 Yarra Street
    South Yarra
    VIC 3141 +613 (0) 8651 4500

    Sable International is a trading name of 1st Contact Money Limited (company number 07070528), registered in England and Wales. We are authorised and regulated by the Financial Conduct Authority in the UK (FCA no. 517570), the Financial Services Conduct Authority in South Africa (1st Contact Money [PTY] Ltd - FSP no. 41900) and hold an Australian Financial Services Licence issued by ASIC to deal in foreign exchange (1st Contact Group - AFS Licence number 335 126).

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