Advice and Support for South Africans Immigrating to New Zealand

South Africans Going To New Zealand

Author Topic: Allowances  (Read 1218 times)

Offline Natassi

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Allowances
« on: December 20, 2007, 11:53:41 am »
Please can someone enlighten me? What is this allowance everyone keeps talking about? How does it work? Why is it?
I have never even travelled ouside of SA so I have absolutely NO idea. :tongue:

Offline Nolan

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Re: Allowances
« Reply #1 on: December 24, 2007, 11:15:20 pm »
Natassi, if you go overseas on holiday you are allowed to take a travelling allowance with you for spending money - SARS rules. It is currently R160 000 per adult and R50 000 per child per year. Technically you need to bring the unused portion back with you when you return, but I am not sure if SARS checks to see if you have brought the unused portion back or not.

Many folks that don't officially emigrate use their yearly travel allowance to get their money out of the country.

SA Going to NZ Advice Forum

Re: Allowances
« Reply #1 on: December 24, 2007, 11:15:20 pm »

Offline AndreCT

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Re: Allowances
« Reply #2 on: December 28, 2007, 09:36:52 am »
Hi Natassi

All the info you need is on the Reserve bank Website (http://www.reservebank.co.za)
  • Click on Exchange Control
  • Click on  Exchange Control Manual
  • Scroll down to Section 6.2.5

The Document you want is Section T.

Good Luck
Andre
EOI Submitted 27/6/06, Selected 5/7, ITA 14/9, Posted 22/12, Delivered 5/1, Status Received & Payment 8/1/07, VO Contact 15/5, Interview 15/8, PR 16/10, LSD 20/6/08, Landed 14/6/2009, IRRV 17/12/2010, Returned CT 19/12/2010