SARS Notice To Clients: Outstanding Recognition of Transfer

18 Feb 2019

Dear Client,

It has come to our attention that SARS has sent out SMSes and emails (example below) to everyone who had recently enacted a retirement product transfer to Allan Gray where an ROT was required. e.g. Retirement Annuity, Living Annuity, Pension, and/or Provident Preservation

We have raised the query with Allan Gray, who in turn are already in direct contact with SARS over the matter.

It is likely a SARS glitch behind this, and Allan Gray have assured us they will provide clarity to us and to clients as soon as they receive feedback from SARS.

The issue also extends beyond Allan Gray clients with all investment houses having had such queries.

You may safely ignore this message if you haven't received an ROT communication from SARS.

Our integrated wealthcare approach is based on your personal priorities and aspirations. This process is designed to give you a clear course of action for pursuing your goals that span various time horizons and life stages to empower you to do extraordinary things with your wealth, both now and in the future.

Regards,

Shane Thom, CFP^® GTP(SA)™
Managing Partner: Integrated Wealthcare Advisor