Discretionary Allowance
South African Residents are entitled to a discretionary allowance of R1 million per adult and R200,000 per child under 18 years of age.
Travel allowance, gift payments, loans, overseas student fees and alimony all form part of the annual discretionary allowance.
FX Capital can assist South Africans wanting to use their discretionary allowance to make foreign payments.
Contact us for the best exchange rates and low transaction fees.
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