Payments abroad can be a hassle and Foremost Finance provides a one stop shop for your international transfers. Travel payments are accepted and processed upon receipt of an invoice for accommodation, transportation or the desired excavation, whether it is a holiday or business trip.
Single discretionary allowance:
If in need of the international currency in cash your single discretionary allowance may be used. The funds will be transferred from your account with Foremost Finance to your international account 0(but not to an account of a third party) and can be then withdrawn abroad. It is an allowance within an overall limit of R1 million per calendar year which a South African resident over the age of 18 years may avail of. Residents under the age of 18 years may only be accorded a travel allowance of up to R200 000 per calendar year. The single discretionary allowance may used for any legal purpose abroad (including for investment purposes).The resident individual must produce a valid green bar-coded South African Identity Document or Smart ID card and a e-ticket for identification purposes and the identity number is mandatory when reporting the transaction in terms of the Reporting System.
WITHIN SA: 011 807 3715 OUTSIDE SA: +27 11 807 3715