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Big win for married couples in South Africa | SA News

Staff Writer
 ·26 Feb 2026

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One of the understated changes in the 2026 Budget was the National Treasury’s decision to double the amount a South African resident can send offshore without involving SARS.

The single discretionary allowance has been doubled from R1 million to R2 million. This applies to private individuals via Authorised Dealers for all purposes, including travel, gifts, remittances, investments and donations.

This allows a resident to transfer R2 million offshore per year without…

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