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Financial emigration from South Africa

If you’re planning on relocating, or have already moved abroad, financial emigration from South Africa can help access and transfer your financial assets (like retirement annuities, pensions and provident funds) out of the country. We are South African financial emigration specialists who can help you manage this complex process from end-to-end. From assessing your needs to getting you the best rates on international transfers, we are your trusted partner.

Read more about financial emigration


Take your financial assets out of South Africa

In 2008, legislation changed to allow financially emigrated South Africans to access and transfer financial assets out of the country. These include retirement annuities, pensions and retirement funds. The extracted funds can then be transferred offshore to a destination of your choice. If you’re emigrating from South Africa, you should consider undergoing financial emigration.

We have offered financial and immigration solutions to South Africans abroad and at home for more than two decades. This makes us uniquely equipped to help you navigate the complex and time-consuming processes that are financial emigration and pension scheme withdrawal.

Whether financial emigration is right for you will depend on what kind of retirement savings and assets you hold. All South Africans have the annual R1 million single discretionary and R10 million (which requires a SARS tax clearance certificate) foreign investment allowances. These can be used for foreign investment and asset transfer without having to financially emigrate. However, if you have a retirement annuity that you would like to cash in, then financial emigration is the only option.

We specialise in:


Financial emigration from South Africa


Transferring South African RAs and other pensions abroad


Transferring South African inheritances offshore


Setting up non-resident Rand bank accounts

Our financial emigration process:


We conduct an assessment of your financial assets, as well as any tax implications.


We assist you with collecting the necessary documents for submission.


We file your application for the change of residence status with SARB.


Your retirement annuities and policies are liquidated and withdrawn.


A non-resident bank account is set up or designated to receive your retirement annuity proceeds.


These funds are withdrawn and transferred to your bank account.


You have now formally financially emigrated.

The key benefits of our service include:


We are registered with the FCSA (South Africa), HMRC (UK) and the FCA (Australia)


We are an established player in the financial services and immigration industries.

Individual service

You will have a dedicated specialist who will take care of you throughout the process.

Tax services

Experienced tax experts will ensure that we find the most tax-efficient solution possible.

Easy withdrawals

Our good relationship with insurance houses will ensure a hassle-free fund withdrawal.

Forex experts

You will have access to great currency rates when you transfer your funds abroad.

Investment advice

Our wealth division can help you invest your funds in the UK or anywhere else.

Free report

Receive a report on your position with regard to financial emigration and pension recovery.



Lisa left South Africa a few years ago and settled in the UK with her family. She has been very happy with the move, but she was forced to leave some financial assets in South Africa.

Lisa thought that these assets were unrecoverable and impossible to access.

Lisa’s remaining assets:



A small apartment
her parents live in

What Lisa didn’t know is that the South African Reserve Bank implemented a law change in 2008 that allows South Africans who have financially emigrated the ability to access their retirement savings before the age of 55.

Lisa can keep her property in South Africa and still proceed with her financial emigration.

How financial emigration helped Lisa:


We conducted initial assessment to confirm the number and value of her policies and any tax implications.


We applied to change her resident status with the SARB to that of a non-resident.


We set up a non-resident bank account for her to receive the RA proceeds and continue to finance the property maintenance.


We facilitated a hassle-free fund withdrawal utilising our solid relationships with South Africa’s insurance houses.


Lisa transferred her retirement fund proceeds to the UK, where she has re-invested for her family’s future.


She is now able to receive future inheritance from South Africa, which she can easily transfer.


As her whole family were included in the same application, it will be also easier for her children to receive any future inheritance.

The Result

Lisa recovered all her retirement policies in South Africa and has successfully financially emigrated.

Her financial affairs are now in line with her intentions to permanently live overseas.

Disclaimer: Please do not act in reliance on information published or advised without consulting a suitably qualified independent legal or other professional adviser of your own choosing. Sable International will not be liable for any direct, indirect or consequential loss or damage suffered by any person as a result of their use or reliance on any of the advice provided by any one, or all, of the professional advisers identified by Sable International.

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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 8844

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

We provide financial emigration solutions to South Africans living abroad. Many South African expatriates don't know that they can cash in and transfer their South African retirement annuities (RAs), pensions and provident funds out of the country. We can help you complete your migration quickly and at the best possible rate.

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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