Annuities such as those arising out of maturing RA plans are not automatically transferable, but permission is usually given for them to be remitted. Widows, widowers and divorcees without children are classified as single for purposes of settling-in allowance entitlement, but those with dependent children are entitled to the higher allowance for a family unit. In the case of divorcees, however, the higher allowance is only available if the emigrating parent is accompanied by the children of the marriage and the former spouse stays behind. Should the former spouse later decide to emigrate, he or she will be entitled only to a single person's settling-in allowance. You are required to apply for exchange control approval only if you want to take out more than the standard allowances.
Any commercial bank can approve transfer of assets valued at no more than the standard allowances.
If you want to take more, a bank must apply to Exchange Control on your behalf. You cannot deal directly with Exchange Control. A bank can approve your application in a couple of weeks, but if Exchange Control permission is required, you should allow about two months. First, get written proof that the country to which you want to emigrate has given you permission to take up residence. To get the form you have first to provide proof of permission to enter the country to which you intend to emigrate.