South Africa - Withdraw Retirement Funds Overseas

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Procedure

Apply In Person

1. To Withdraw Retirement Funds Overseas, the applicant has to approach the SOUTH AFRICAN RESERVE BANK link
2. An application form will be provided to the applicant by the concerned officer.
3. The applicant has to fill in all the necessary details in the application form. (Incomplete applications are not accepted)
4. Make sure that the applicant has attached all the necessary documents that are mentioned in the “Required Documents” section of this page.
5. The applicant has to attach photocopies of the required documents along with the application form while submitting it.
6. Submit all the documents with the completed form to the concerned officer.
7. There is no fee for Withdraw Retirement Funds Overseas.
8. After receiving the application, the concerned authority will check the submitted application and document set. If all are in place, the application will be accepted.
9. An acknowledgment receipt will be provided. Please save it for future reference.
10. Then the application will be processed further. All the updates on the application status will be sent via SMS to the applicant’s mobile number.
11. Once the process gets completed, the applicant gets a call from the office regarding the application.
12. Complete the further process has instructed by the officer and get the license from the office.
13. This entire process can be completed within 15 - 30 days or as per the timeline advised by the respective department authority.

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Required Documents

• Completed application form
• Proof documents
• Nationality card
• Retirement card
• Passbook copy
• Any other documents (if required)

Office Locations & Contacts

SOUTH AFRICAN RESERVE BANK
Prudential Authority
370 Helen Joseph Street,
Pretoria, 0002
P O Box 427,
Pretoria, 0001
Telephone: +27 12 313 3911 / +27 86 112 7272
Email: [email protected], [email protected]
Contact link

Eligibility

• Any retired person who intends to Withdraw Retirement Funds Overseas is eligible to make this application.

Fees

• There is no fee for Withdraw Retirement Funds Overseas.

Validity

Explain the time until which the certificate/document is valid.
e.g. Birth Certificate Valid Forever

Documents to Use

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Sample Documents

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Processing Time

• This entire process can be completed within 15 - 30 days or as per the timeline advised by the respective department authority.

Related Videos

Videos explaining the procedure or to fill the applications.
Attach videos using the following tag <&video type='website'>video ID|width|height<&/video&> from external websites.
Please remove the '&' inside the tags during implementation.
Website = allocine, blip, dailymotion, facebook, gametrailers, googlevideo, html5, metacafe, myspace, revver,
sevenload, viddler, vimeo, youku, youtube
width = 560, height = 340, Video ID = Can be obtained from the URL of webpage where the video is displayed.
e.g In the following url 'http://www.youtube.com/watch?v=Y0US7oR_t3M' Video ID is 'Y0US7oR_t3M'.

Instructions

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e.g. The state office holds birth records since January 1908.

Required Information

• Name of the applicant
• Address
• Email
• Telephone
• Year of retirement
• Contact details
• Fax
• Date
• Other details
• Employee ID
• Signature

Need for the Document

• A retired person who needs to withdraw the Retirement Funds can complete the process.
• According to the new bill, members of retirement funds will be able to withdraw one third of their pension fund whereas two thirds will be accessible only during retirement. This bill applies to all retirement funds including Retirement Annuities.

Information which might help

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Other uses of the Document/Certificate

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e.g. Birth Certificate can be used as proof of identity.

External Links

Link

Others

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