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Funds transfers and tax liability?

Posted 7 January 2015

We came to SA in 1976 with permanent residency we left in 1999. We returned in 2012 thinking we still had permanent residency bringing our savings with us. We subsequently found that we had to reapply for permanent residency as it had expired. We are here on relatives visa but want to return to UK. How does that affect transferring our saving back to UK we are pensioners and have only received UK pensions and paid tax on that at source. We have received interest on savings @ 3.5% per annum.

TaxTim TaxTim says:
8 January 2015 at 8:50

If your pensions were based on work performed int he UK and not SA then there won't be any tax here and you will be able to transfer the amount freely across.

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