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TaxTim says: 13 January 2015 at 9:25 You would need to speak to a consultant in the UK about cashing out pensions there, else there are funds in SA that specialise in what they call Q-ROPS for these type of transfers. |
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Cat says: 13 January 2015 at 14:09 Thanks very much for your answer TaxTim. If I were to transfer my pension to a QROPS in South Africa, would I be able to withdraw the funds straight away or are there rules or penalties for doing this? Thanks |
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TaxTim says: 13 January 2015 at 16:06 As far as we are aware the idea is that you transfer to a type of fund and then are able to take the amount tax free, however you would need to speak to an expert on this matter. |
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Cat says: 13 January 2015 at 16:14 Thank you |
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TaxTim says: 14 January 2015 at 7:14 Only a pleasure! |
