Advice and Support for South Africans Immigrating to New Zealand

South Africans Going To New Zealand

Author Topic: Financial advice  (Read 1952 times)

Offline Didi77

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Financial advice
« on: August 12, 2007, 10:27:58 am »
I need financial advice with:

Tax clearance
Bank acounts
Taking the cash over or buying goodies here with it? How much can we take?
Pension funds in SA
Insurance in SA or NZ for first few months?
Our investments currently.... do we sell/ keep/ sell there???

Does anybody know someone that we can go see?



Offline antonjl

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Re: Financial advice
« Reply #1 on: August 12, 2007, 12:46:46 pm »
Didi I think most of those issues have been tackled on the site before.
The answers to your questions depends on if emmigration is official or unofficial.

1) Tax clearance.......go to SARS,get form,fill in,hand in and receive after about 2 weeks.
2) Bank accounts.....SA or NZ? Are you asking if you should leave SA accounts?
3) R160 000 per person per year if not officially emmigrating.
4) Pension funds do not always pay out overseas. Check with your provider. Also if you emmigrate officially then rather take something out in NZ.
5) When you arrive in NZ you can insure your stuff when you open a bank account. Travel insurance from SA covers you on your "holiday" but if you stay in NZ and buy a car etc you probably need to insure it here.
6) It probably depends on what investments you have in SA and what they will be worth in terms of monetary value.....

Maybe contact your life insurance broker or investment broker.

Sure there are some financial gurus on this site that can point you in a better direction than me.
 ;)



SA Going to NZ Advice Forum

Re: Financial advice
« Reply #1 on: August 12, 2007, 12:46:46 pm »

Offline Didi77

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Re: Financial advice
« Reply #2 on: August 12, 2007, 01:03:00 pm »
Thanks!



Offline zatexnz

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Re: Financial advice
« Reply #3 on: September 04, 2007, 01:23:01 am »
Missed this thread...!

Didi, you can also open a bank account in NZ while still in SA.  You can then deposit money into it twice.  May not withdraw from it.  Once you're in NZ, you go into the bank, say "Hi Im here", and then give them your address, etc. and they will issue you with cheq book, EFTPOS cards, etc. 
Jan found Westpak to be difficult to deal with.
I think ANZ does it...
We opened online with The National Bank of NZ.  Very easy to do online, and good to work with.

As far as taking cash over.... when we flew to the States, we did take the bulk in travellers' cheqs, (of course you do get them for USA).  But we also took a bunch of US$ that we'd had a friend convert for us when he was going over on business, and that we put into a belt that has a zip in it.  I think we bought it at the AA?  You unzip, load the cash in neatly folded bits into the belt - well-spaced out, and then rezip it closed.  When you wear the belt, the zip is on the inside (not viewable to the public), and nobody even knows there's money in it!
lekker sweet as, y'all
~ Colleen

Offline zatexnz

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Re: Financial advice
« Reply #4 on: September 04, 2007, 01:25:36 am »
lekker sweet as, y'all
~ Colleen

Offline Shaz

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Re: Financial advice
« Reply #5 on: September 04, 2007, 10:12:00 pm »
Thanks for the info