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New user
Posts: 1
| We are almost on our way to Australia and have a few loose ends to tie up, one of those being my hubby's pensions that have been placed in protector or preserver funds. I would like to know if it is possible to transfer these funds as drawing the money would result in a huge loss and we do not particularly want to leave them in South Africa. Can you advise?? | |
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Pensions Expert
Posts: 5
| I am afraid that I cannot comment on South African pensions, and it may be worthwhile speaking to the provider in South Africa to see if they will allow a transfer. It is likely that you will incur the loss though, since transferring assets of a pension scheme is quite difficult, and it is likely that the South African scheme would require you to liquidate your holding and transfer the funds as cash. | |
| | All communications contained in this message board are 'information only' and should not be regarded as 'advice'. Only your appointed agent can provide advice as these are the requirements of the Australian Migration Act. You are advised that action taken as a result of any information received that does not come from your appointed agent may jeopardise your migration application.
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SA Provident Funds
