Advice and Support for South Africans Immigrating to New Zealand

South Africans Going To New Zealand

Author Topic: Travel Allowance  (Read 3202 times)

Offline Paperdoll

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Re: Travel Allowance
« Reply #15 on: May 15, 2010, 10:19:03 pm »
Just a wee warning if you plan to take out travellers' cheques when you leave as we had some drama with them.  We look out most of our money in $1000 travellers cheques and when we opened our bank account this side and deposited them, they had to go through Reserve Bank clearance which took about a month.

We were almost stuck without money, but fortunately we had some US$ which we had no problem with and the bank was very helpful in allowing us to draw out some of funds even though the travellers cheques still had to be cleared.


Offline frodo/maya

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Re: Travel Allowance
« Reply #16 on: June 15, 2010, 06:26:37 pm »
Me again on the money thing  :whistle:

From EVERYTHING I have read am I correct in saying that if you don't want any trouble you need to get tax clearance?   :confused: which ever way you choose (travel allowance / investment).

Does anyone know how long tax clearance takes?

Thanks!!

Ursula


SA Going to NZ Advice Forum

Re: Travel Allowance
« Reply #16 on: June 15, 2010, 06:26:37 pm »

Offline Nolan

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Re: Travel Allowance
« Reply #17 on: June 15, 2010, 08:48:58 pm »
you only need tax clearance if formally emigrating and / or taking out more than the travel allowance

Offline SusanJ

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Re: Travel Allowance
« Reply #18 on: June 16, 2010, 03:16:50 am »
If you are registered for etax, you can apply for a tax clearance certificate online and it comes through almost immediately (if I remember correctly). You will then need to go an collect a print out of the certificate at your nearest SARS office. They will print up to 15 originals for you.

Cheers
Susan
07/10/2009: EOI Submitted (TICK)
08/10/2009: EOI selected from pool (TICK!)
19/11/2009: ITA received (TICK!)
25/11/2009: ITA submitted (TICK!)
20/05/2010: PR granted (after waiting 2 months for a police clearance!)
27/05/2010: Passports submitted
02/06/2010: Passports returned - YAY!!!!!

Offline magusta

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Re: Travel Allowance
« Reply #19 on: June 16, 2010, 03:43:41 am »
check out caxtonfx.co.uk. good ex-rates, low fees. also look at tax efficient investment vehicles, govt. bonds usually.

Offline frodo/maya

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Re: Travel Allowance
« Reply #20 on: June 16, 2010, 04:14:19 pm »
Thanks  :-*