Forgotten Investments
At Taurus we focus on providing a comprehensive customer migration solution.
A significant change in South African tax legislation during 2008 now makes it possible for expats to surrender retirement annuities before age 55 and transfer the proceeds to an Australian Financial Institution of their choice.
Arguably the most common source and windfall of funds stems from retirement annuities in South Africa which may have been forgotten about or perhaps just written off. When you moved to Australia you may well have left behind such investments because it was impossible to unlock them.
Another source of potential locked up capital in South Africa is vested in surplus pension funds. Historically certain pension fund companies withheld part of employers’ contributions upon resignation. Here too legislation has changed in employees’ favour. Who knows, you may well be a beneficiary of such surplus pension funds!
If you would like to find out more about redeeming your Retirement Annuity Funds or checking whether you have funds due to you from a previous corporate pension fund, contact Gordon Hatch on gordon@taurusfinancial.com.au.
Taurus Professional Services Pty Ltd
Level 6, 2 Help Street
Chatswood NSW 2067
Tel: + 61 2 9411-4161
Fax: + 61 2 9412-1518
Email: gordon@taurusfinancial.com.au
Web: www.taurusfinancial.com.au
Securitor Financial Group Limited is not responsible for advice provided by your Adviser through Taurus Professional Services Pty Ltd.