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bosmans

Blocked account holders

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bosmans

Hi

We are about to start the process of financial emigration.

We are wondering whether we could open a blocked account at a bank in SA in both of our

 names (married couple) or whether we will each need our own account to transfer retirement annuities to?

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ChrisH

I think its an account per person as its linked to your tax file number.  Each persons yearly tax threshold for foreign transfers are tracked individually so makes sense to have an account each.

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