The financial requirements in obtaining a Temporary residence or Permanent residence Retired persons permit is a key requirement in order to receive this permit to reside in South Africa.

In order to apply for Temporary residence retired persons permit, income of a prescribed amount, per person is required to be proven.  Therefore, cash assets (i.e. capital), pension income (already receiving), investment income and actual rental income from properties being leased out are acceptable documentation for the Department to issue this permit.

In order to apply for Permanent residency based on a retired permit, income of the same above prescribed amount, per family (proven by one person in the family, couple, etc) is required to be proven.  Cash assets are not acceptable in this instance, as the funds are required to be “life-long guaranteed income” – such as pension income, actual rental income or investment income/interest received per month.

If you have any questions regarding the following, please contact Claire Roodman (claire@intergate-immigration.com)

For further information on Retired permits, please see here

Information supplied by www.intergate-immigration.com