Can the funds of a paid-up retirement annuity be sent overseas?


Question:

Can a paid-up retirement annuity (not converted to a life annuity) be closed & all funds sent overseas if there is a formal emigration? Current age, 65, & selected retirement age set at 66? Thank you

Answer:

Andre,

It sounds like this should be possible, if you get your request to the fund administrator on time (ie before age 66)!

The information and answers supplied in this section do not constitute advice as defined by the Financial Advisory and Intermediary Services Act, 37 of 2002.


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