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Transferring your South African retirement annuity or pension

Our financial emigration service helps South Africans who have emigrated, or are thinking about emigrating, cash in and transfer the full value of their retirement annuities, pension and provident funds before the retirement age of 55. Once these funds are recovered and taxed, they can be transferred abroad.

Transfer your South African retirement annuity

Financial emigration is the process of changing your status with the South African Reserve Bank from resident to non-resident for exchange control purposes. Despite a common misconception, this does not effect your South African citizenship. The process of financial emigration may not simple, there can be significant financial benefits.

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.

The complexity of your application depends on your unique circumstances, which is why it’s best to use a South African financial emigration specialist. In our experience, we have found that the benefits usually outweigh the difficulties of this admin-heavy process.

Financial emigration from South Africa allows you to access and transfer the following:


Proceeds from your South African retirement annuities


Future inheritance funds without being subject to South African resident exchange control


Passive income from rental, dividends, director’s fees or a salary


Proceeds from a third-party life policy

Money Transfers

Why transfering your retirement annuities abroad makes sense


Unlock your funds

Access the full after-tax cash value of your RA.


Protect your future

Hedge against SA investment and currency risk.


Lessen volatility

Eliminate the risk of Rand volatility and depreciation.


Invest offshore

Invest in international hard currency with the funds.

Transfer your South African pension to the UK

Once your South African pension transfers offshore, you may need advice on reinvesting and local tax implications of the destination country. Our consultants work closely with our team of wealth advisors, based in London, to make sure you get the best advice and use the most efficient tax structure.

Another option for South African expats in the UK, is to invest the proceeds of their pension scheme into a new (or existing) UK pension.

We have offered financial and migration 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 recovery.



Why investing in a UK pension makes sense



Consolidate your pensions, cut down on your administrative fees.



Your savings will be in a valuable, stable, well-traded currency.


Live on Pounds

If you move back to SA your pension will pay out in Pounds.

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.

Find out whether you can withdraw and transfer your South African RA or pension by following these simple steps:



Complete our free, no-obligation, online assessment


Your assigned South African financial emigration specialist will contact you to chat about your options


Receive your detailed report and quote on transferring the full value of your South African retirement annuities

Get started on securing your financial security and future prosperity by taking our online assessment.

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.

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

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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