Advice and Support for South Africans Immigrating to New Zealand

South Africans Going To New Zealand

Author Topic: Travel Allowance  (Read 3204 times)

Offline bunnkh

  • Jr. Member
  • **
  • Posts: 69
Travel Allowance
« on: April 19, 2010, 06:51:59 am »
Is the yearly travell allowance still R500K ....is that per person.  What would be the cheapest way to get that amount into our NZ Account.....

Offline JAMOMA

  • Sr. Member
  • ****
  • Posts: 366
Re: Travel Allowance
« Reply #1 on: April 20, 2010, 12:56:56 am »
It is still R500K  per person and I think R2mil per family (not sure)


EOI submitted - 14/7/2009
EOI selected   - 15/7/2009
EOI withdrawn - 21/10/2009
EOI submitted  - 22/10/2009 (round 2)
EOI selected    - 4/11/2009
ITA sub  -  21/12/2009
PR - 7/9/2010

SA Going to NZ Advice Forum

Re: Travel Allowance
« Reply #1 on: April 20, 2010, 12:56:56 am »

Offline Harm

  • Full Member
  • ***
  • Posts: 105
Re: Travel Allowance
« Reply #2 on: April 20, 2010, 04:38:47 am »
The travel allowance was increased in the mini budget in september or there-abouts to R750 000 per adult and R160 000 per family. You can look it up on the reserve bank website I think. I ma not sure what the max per family is.

Offline frodo/maya

  • Certified Addict
  • ******
  • Posts: 1882
  • North Shore
Re: Travel Allowance
« Reply #3 on: April 20, 2010, 06:10:39 am »
Hi Harm Welcome Back!!!!! we missed you!  :clap: :clap:

How is NZ?

Offline Harm

  • Full Member
  • ***
  • Posts: 105
Re: Travel Allowance
« Reply #4 on: April 20, 2010, 06:57:06 am »
 O0 NZ is great! Still looking for jobs though, but some people say it could take up to 3 - 6 months to get one. If you are not fussy you can get some casual jobs though which will help.

Things were quite hectic from the time I stopped work, with the sorting out all the household stuff, getting tax clearances, selling cars etc. Then it starts all over again when you arrive to get the kids into schools etc. We are pretty much settled nowin the first phase. I have submitted a fair amount of applications of which only about 10% bother to reply to. Had one interview with an agent and one application went as far as the client before it was rejected.

i am a bit gatvol of the phrase "kiwi experience". It is just an excuse to reserve jobs for kiwis. But we'll hang in there. something must come at some stage.

so when are you guys coming?

Offline tanya1

  • Newbie
  • *
  • Posts: 10
Re: Travel Allowance
« Reply #5 on: April 20, 2010, 10:38:01 am »
Hi everyone,

The travel allowance is R750 000 per adult and R160 000 per child under 18, this is per calendar year.
Investment allowance is R4million per person.


Tanya vd Westhuizen

« Last Edit: July 01, 2010, 10:18:06 pm by Nolan »

Offline frodo/maya

  • Certified Addict
  • ******
  • Posts: 1882
  • North Shore
Re: Travel Allowance
« Reply #6 on: April 20, 2010, 11:48:30 am »
We are planning to make the move by August this year  :pray: :pray: house is in the market  :pray: :pray:


SA Going to NZ Advice Forum

Re: Travel Allowance
« Reply #6 on: April 20, 2010, 11:48:30 am »

Offline karinaper

  • Newbie
  • *
  • Posts: 8
Re: Travel Allowance
« Reply #7 on: May 03, 2010, 11:28:37 am »
Hi

I always say there isnt such a thing as a dumb question, only a funny one.  So here is a funny one.  How does travel allowance works?  What forms do you need to fill in and so on?

Kind regards

Got PR 26 April 2010

Offline JAMOMA

  • Sr. Member
  • ****
  • Posts: 366
Re: Travel Allowance
« Reply #8 on: May 04, 2010, 05:00:50 am »
I found the best is to just go to your bank.

They help you fill in all the forms.

You need your passport and a valid ticket and dates
of departure and return.

Then convert your money to cash of whichever currency
or tranfer the money to an over seas account, travelers cheques
or which ever method you prefer to take your money out of SA.

But you may not exceed your annual travel allowance as stated by tanya1.

Hope this helps  O0


EOI submitted - 14/7/2009
EOI selected   - 15/7/2009
EOI withdrawn - 21/10/2009
EOI submitted  - 22/10/2009 (round 2)
EOI selected    - 4/11/2009
ITA sub  -  21/12/2009
PR - 7/9/2010

Offline alwyn

  • Sr. Member
  • ****
  • Posts: 368
Re: Travel Allowance
« Reply #9 on: May 13, 2010, 06:39:00 pm »
I might be mistaken but as far as I know you need to be able to prove that travel allowance money is spent on travel related things and not to deposit in your offshore bank account.  So if you do go that route then there is always the chance that SARS might get triggered by large amounts and investigate.  They are after all the only working arm of the SA government.

Offline SaKiwiBoer

  • Guru
  • ***
  • Posts: 4263
  • We're in Tauranga.
    • Oosthuizen family in NZ
Re: Travel Allowance
« Reply #10 on: May 13, 2010, 07:51:10 pm »
They are after all the only working arm of the SA government. 

 ::)  Now I wonder why that would be   :whistle: 
Oh yes.... that's where the money lands on the gravy train....   :2funny: 
Cheers, SAKB.
21/03/2007-EOI submitted
18/07/2007-Selected from the Pool
07/03/2008-Receive ITA
15/05/2008-ITA Submitted-(hou duim vas)
11/12/2008-PR GRANTED-(thanx a lot!!!)

"Those who desire to give up freedom in order to gain security, will not have, nor do they deserve, either one." (Benjamin Franklin)

Offline AndreCT

  • Newbie
  • *
  • Posts: 43
Re: Travel Allowance
« Reply #11 on: May 15, 2010, 07:21:10 am »
Most importantly, that money is not supposed to be used for buying the things used to Furnish a House and pay "Rent" for unfurnished accommodation or for Assets that you leave behind on your next visit to RSA (like a Car for instance).

Those doing regular trips beware, others have been Fined big money for breaking the rules. You may get away with it one or twice, but be forewarned a regular big holiday transfer to the same county will raise questions.

If you have sold up and are leaving and have less than R8 million, use the other options to take you cash legally.

Regards
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

SA Going to NZ Advice Forum

Re: Travel Allowance
« Reply #11 on: May 15, 2010, 07:21:10 am »

Offline cyclewife

  • Hero Member
  • *****
  • Posts: 526
  • Let the roller coaster ride begin
Re: Travel Allowance
« Reply #12 on: May 15, 2010, 01:30:20 pm »
As above - no question is supposed to be a stupid one...but here's mine:

Are you allowed to open a bank acc in NZ without having WP yet..and start transferring across as a savings plan...since it takes so long to get there. At least you'll have something there already on arrival...perhaps house here hasn't sold yet etc etc..
Medicals Done - 31 Aug 2011
LTBV app sent - 16 Sept 2011
LTBV approved - 10 Feb 2012
Passports sent - 10 Feb 2012
Passports received with visa - 20 Feb 2012
House sold - 25 Feb 2012
Attorney instructed - 08 March 2012

Offline SaKiwiBoer

  • Guru
  • ***
  • Posts: 4263
  • We're in Tauranga.
    • Oosthuizen family in NZ
Re: Travel Allowance
« Reply #13 on: May 15, 2010, 06:32:51 pm »
Now I may be a wee bit rusty... after nearly 3 years in NZ ... I know you may open a bank account from SA with or without a WP. I also know you could deposit an initial amount when you opened it, but if I remember correctly, you couldn't use it as a "savings" account by continuously depositing money into that account. This is only if my re-collection is correct...  ::) I hope....  :whistle:  . Hope somebody knows what is applicable at present. Cheers, SAKB.
21/03/2007-EOI submitted
18/07/2007-Selected from the Pool
07/03/2008-Receive ITA
15/05/2008-ITA Submitted-(hou duim vas)
11/12/2008-PR GRANTED-(thanx a lot!!!)

"Those who desire to give up freedom in order to gain security, will not have, nor do they deserve, either one." (Benjamin Franklin)

Offline AndreCT

  • Newbie
  • *
  • Posts: 43
Re: Travel Allowance
« Reply #14 on: May 15, 2010, 09:18:09 pm »
Yes you can do that but it needs to be part of your "Foreign Investment" allowance.

If you do that make sure the Account you have in NZ is "Interest Bearing". (You will pay foreign residents tax on the interest). Often they will give you a "service Fee Free" account that earns zero interest.

You should be able to do all that from SA.
Some of the big 4 banks will be able to help you do that with "Sister bank" relationships.

Think about the currency you want to put that money into quite carefully.
Its the same hassle to put in in A$ as NZ$ as SIN$.

Most of the above will trigger the bank to request "Tax Clearance" from SARS. ie If you owe Jan Tax, you are unlikely to get clearance.

Lastly shop around before you move lump sums. There are a number of Forex trading desks that will do better than your high street bank.

Regards
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