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En – cash your Retirement Annuities now

Did you know that you can take advantage of a change to tax legislation in 2008, which allows South Africans who now live permanently overseas to en-cash in full, retirement annuities to which they contributed prior to leaving South Africa. In order to qualify, individuals must provide proof of both their entitlement to reside in their new country and their formal emigration from South Africa. Formal emigration from South Africa can be carried out retrospectively and does not mean you lose your citizenship.

An increasing number of former South Africans are recognizing the excellent opportunity this change in legislation presents, especially given the current strength of the Rand. A perceived increase in political tension in the country is also fuelling people’s desire to move money to a different, more stable jurisdiction. Essentially, now is the time to act. CashKows will be pleased to help with the extraction and repatriation of funds from your retirement annuity and where required, the complex process to formally register your emigration in South Africa.

To discover what cash value you have locked in South Africa simply register your details at www.cashkows.com and they will undertake a comprehensive search of all insurance companies and provide you with a FREE personal report, usually within two working days, which provides details of the products and policies which you hold, including retirement annuities. The report will highlight fund values, the tax payable and their fees to enable you to make an informed decision as to whether you proceed and en-cash or not.

Benefits of en-cashing your RA:
Access cash that would normally be locked-in until retirement age.

Take advantage of the strong currency (Rand) to repatriate cash overseas into your local currency.
Protection against future currency risk (Rand depreciation).
Avoid waiting until maturity date of your RA, to en-cash only one third (1/3)
Protect yourself against increasing political risk in South Africa
Reinvest funds in your local base currency.

For further information, or to register visit: www.cashkows.com today. To date a huge number of South Africans have been reunited with cash which they had either forgotten about, written off, didn’t realize they could access or simply didn’t know they had. And with the current somewhat unstable political situation it seems tha now is a good time to act.

We strongly recommend that you stay abreast of legislation in SA relating to this area as we cannot be held responsible for any lost opportunity in terms of you not being able to take this course of action in the future because of a change in legislation.