Losing a loved one is hard enough. The last thing you need is stress about how to access your inheritance when you’re living overseas. Yet many South Africans abroad quickly discover that transferring an inheritance isn’t as straightforward as it should be.

That’s where Currency Assist can help.

Why inheritance transfers can get tricky

Your tax residency status determines how inheritance money is transferred abroad:

• If you’re still considered a South African resident (temporarily abroad):
  
  • You can transfer up to R1 million per year under your Single Discretionary Allowance (no tax clearance needed).
  • For larger amounts, you can transfer up to R10 million per year under the Foreign Capital Allowance, but this requires an Application for International Transfer (AIT) from SARS.
• If you’re a SARS-recognized tax non-resident:
  
  • Your inheritance (up to R10 million) can be transferred directly to your overseas account.
  • No allowances need to be used.

Even if you’ve lost your South African ID or passport, the good news is we can still help you access your inheritance safely.

How Currency Assist helps

We take care of the paperwork, approvals, and compliance, making sure your inheritance reaches you wherever you live. Our role is to ease the pressure so you can focus on what matters most.

Your next step

If you’re due to receive an inheritance from South Africa, don’t get caught up in red tape. Currency Assist will:

• Guide you based on your tax residency status
• Secure the required approvals from SARS
• Arrange a safe, compliant transfer of your inheritance abroad

Complete our simple online form today, and a Currency Assist consultant will contact you to begin the process.