Blocked Rand Account, also known as a Capital Account (or a non-resident bank account)
Your Blocked Rand Account will enable you to transfer the full capital value of your retirement annuity abroad. Your Blocked Rand Account will also be used to transfer:
– Interest and profits
– Monthly pension payments (registered pension funds only)
– Rentals on fixed property
– Income distributions from close corporations
– Directors’ fees
– Close corporation member fees
– Cash bonuses on insurance policies
– Income received from a trust created in terms of a last will and testament
– Income received from an inter-vivos trust
The difference between the purchase consideration and maturity value of quoted gilts.
Our experts have been opening Blocked Rand Accounts for our clients since 2010. We will do all the hard work while you can rest assured that your portfolio is under-one-roof and you wouldn’t have to deal with numerous service providers. We will deal directly with South African Banks and service providers.
Furthermore, FinGlobal consolidates your financial data into a simple financial assessment which will provide you with an overview of your assets, indicative surrender values, and options for transferring funds abroad.
No matter what you need to achieve, FinGlobal can assist with consolidating, unlocking and transferring your finances globally.
What our customers are saying
“Their service is extremely professional. Every step is explained to you in detail. I would recommend FinGlobal to anyone anywhere in the world. They will get your funds transferred out of South Africa without any problems. Once again to all the staff at FinGlobal, THANK YOU!”Neville WilliamsAustralia
“All the people at FinGlobal I have dealt with have been very friendly and helpful. Even with the March 2021 changes to financial emigration and transfer of funds abroad, they adapted to the changes required, and achieved what was required. I would be happy to recommend them to friends and family.”Eddie TuckerUnited Kingdom
“FinGlobal staff were absolutely wonderful from the beginning of the process, right through to the end! I cannot speak highly enough regarding the quality of service we received and would unreservedly recommend their services to anyone. Thank you very much for all your help!”Bronwyn GoodburnCanada
“Amazing service during an especially trying year. All the ladies that assisted me were friendly, helpful, and fantastic. This service is expensive but if one has no plans to return to SA anytime sooner it does work out cheaper than a ticket home etc.”Lisa BucherSerbia
”Ryno, I received a mail from Verline last evening asking me to complete some details which I duly did, as per the previous correspondence you and I had. I have given her the okay to do the transfer to my best advantage. Again, thank you, Ryno, your company has done a great job for me and I do appreciate it. Much success in 2021!Mike HagueUSA