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Financial emigration for South Africans

Financial emigration is the first step towards recovering your retirement savings. It is the process of changing your status with the South African Reserve Bank (SARB) from a permanent resident, or a resident living temporarily abroad, to a non-resident of South Africa.

South African emigration and citizenship

Many people confuse the financial aspect of emigration with relinquishing their South African citizenship (passport) and becoming a citizen of the country in which they now reside. These are two different processes, but can, and often do, occur simultaneously.

To undergo financial emigration from South Africa you will need:

  • A green bar-coded South African ID book
  • Proof of permanent residence in the country where you reside
  • All your tax affairs in order with SARS (we also offer tax solutions if your affairs are not in order)

With Sable International's financial emigration service, you can:

  • Arrange to have your annuity payments paid into any foreign account before you turn 55
  • Move any inheritance payments offshore without the need for approval from the exchange control
  • Transfer any proceeds from assets declared during your emigration application
  • Arrange to have any passive or unearned income transferred offshore
  • Complete your financial emigration with the SARB
  • Make sure your funds extraction and transfer are tax-efficient

Financial emigration does not affect your South African citizenship in any way. As a part of our pension service offering, we can perform a free financial assessment of your retirement savings.

Please note: After you have financially emigrated you are able to return to South Africa as a citizen in the future if you choose.


South Africa

Cape Town
Regent Square
Doncaster Road
Kenilworth 7708
t: +27 (0) 21 657 2120

201 The Annex
Ridgeside Office Park
t: +27 (0) 31 536 8843

United Kingdom

Castlewood House
77/91 New Oxford Street
t: +44 (0) 20 7759 7514

5-7 Selsdon Road
South Croydon
t: +44 (0) 20 7759 7581


Suite 8.06
9 Yarra Street
South Yarra
Melbourne VIC 3141
t: +613 (0) 86 514 500

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