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Waiting for a better exchange rate vs moving SA money now

By July 1, 2015October 6th, 2023Retirement annuities

Waiting for a better exchange rate vs moving SA money now

July 1, 2015

Whether its unclaimed policies, retirement investments or your pension, leaving money lying behind in South Africa after you’ve moved to another country just doesn’t make sense! You don’t leave your clothes behind, or your phone or your loved ones, then why leave something that helps you live life and buy the things that help you maintain a certain standard of living?

Did you know that we can help you with the transfer of unclaimed retirement annuities in South Africa?

When you move to a new country, you need money, period! Whether you are getting a home, a car, furniture, an office, admitting your child in a school, or anything that kick-starts your life in that new country – you need money!

What’s surprising is that you already have that money lying here in South Africa, but you don’t know how to move it to a bank account in your new country. Unfavourable exchange rates have often been cited as a common reason for not taking money from South Africa.

Constantly checking the exchange rate

If you’re one of those people who’re watching the exchange rate pot and expecting it to boil, know this – it might never! A watched pot never boils and the exchange rate might never reach the heights you’re expecting it to. What you’ll be left with is nothing but an empty pot, where the contents have completely evaporated and you’re simply burning the pot now.

People, believe it or not, forget about their money completely. There are billions of Rand tied up in unclaimed policies in South African insurance company systems and there’s absolutely no one coming to claim them. Know why? It’s simple – Initially you know you’re waiting for the exchange rate, keeping your eye on the changing rate and expecting it to hit the right numbers.

Slowly, things start happening around you as your life in your new country picks up and you no longer have the time to keep checking that exchange rate. The frequency of your exchange rate checks go down further and further until they are no longer a part of your life. You will have moved on and the money in your South African bank account would end up lying there for the rest of eternity.

Forget the exchange rate and take your money now

You have worked for your money and you’ve done what it takes to create a certain standard of living. You moved abroad to chase your dream but you’re leaving everything you earned behind. It’s time you took your money into your own hands – forget the exchange rate and take your money now! The experts at will help you every step of the way. Click on the “we’ll call you” button below for one of our friendly consultants to contact you.

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