Personal allowances – transferring funds

All South Africans – living in the country or abroad – have the financial freedom to transfer funds offshore without having to financially emigrate by putting their annual personal allowances to use.

Personal allowances for South Africans transferring funds abroad

All South Africans – living in the country or abroad – have the financial freedom to transfer funds offshore without having to financially emigrate by putting their annual personal allowances to use.

Foreign investment allowance (FIA)

  • Amount: R10 million
  • Who can use it: available to South African residents and non-residents
  • Transfer requirements: tax clearance certificate and green bar-coded ID document

Single discretionary allowance (SDA)

  • Amount: R1 million
  • Who can use it: available to South African residents and non-residents
  • Transfer requirements: green bar-coded ID document

Inactive SARS Tax Record? No problem. For personal allowances, offshore funds transfer, forex and banking solutions feel free to make use of any of our services to get started.

FinGlobal is an authorised Financial Services Provider regulated by the South African Financial Services Board. FSP #42872. Approved South African Reserve Bank foreign exchange intermediary. Internationally Accredited PPS Advisor.

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Client testimonials

I’ve tried on and off for about 3 years just to open a blocked account to transfer funds from South Africa to Canada. Needless to say I just let it go at a point. Contacting FinGlobal (previously cashkows) was the best thing I’ve ever done. They are fast, extremely professional and easy to deal with.

Anneli Smith

FinGlobal (previously cashkows) offers an excellent service. We could not have dealt with all the intricacies of transferring our money to Australia without their help.

Mary Mattheyse

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