Policy Withdrawals

Navigating the Inconsistencies of Expat Requirements

South Africans abroad face multiple challenges when it comes to withdrawing their retirement policies in South Africa. The most recent being the South African Revenue Services (“SARS”) implementation of the 3-year lock in rule on retirement funds in March 2021. This was further exacerbated by cumbersome requirements and additional administration burden required by policy providers.

Megan Tucker
Processing Lead: SARS Engagement