“Once upon a time …” is how stories used to start and generally ended with “and they all lived happily ever after!”
When it comes to retirement and money matters you can bet your bottom dollar there’s always a story. You cannot access your once upon a time investments when you decided to leave South Africa – for good reason – because terms and conditions always apply.
Fair enough. The story about your South African money too is in for a happy ending. Starting with … you don’t have to wait till age 55 to access your retirement investment!
It’s your money and you’re legally entitled to withdraw the full capital value for transfer to your new home country, after which you can choose how to invest for successful living.
Pay off your mortgage. Buy your own home, rather than rent. Invest in your super fund. The choice is yours. The moral of the story? Invest in the country and currency in which you’re going to retire. No strings attached!
You can find out how much money you have sitting in South Africa for offshore transfer by asking one of our friendly consultants to please call me which could be the start to living happily ever after.