PPS RESULTS 2024
PROFIT-SHARE: Knowledge at your fingertips
The PPS Profit-Share Account™ is a long-term benefit for members that continues from graduation through to retirement and beyond. The balance in the PPS Profit-Share Account™ can grow to significant values and is accessible at retirement, starting from the age of 60, as a unique retirement benefit or upon earlier death. Members who hold qualifying products across the PPS Group have the opportunity to earn more boosted allocation in their PPS Profit-Share Account™. Exciting news: as of 1 January 2025, members can continue to receive boosted allocations post-retirement in their Vested PPS Profit-Share Account™ if they hold qualifying PPS Group products *.
This means members who have vested their Profit-Share and no longer hold PPS Provider™ products but still hold PPS subsidiary and affiliate products can benefit from the PPS Profit-Share Cross-Holdings Booster. Therefore, we encourage members to retain the Vested PPS Profit-Share Account™ with PPS Investments to maximise the probable growth of the accumulated returns.
2024 PPS Profit-Share Cross-Holdings Booster tiers
CROSS- HOLDINGS BOOSTER TIERS
1
2
3
MEMBER ' S PPS GROUP PORTFOLIO
PPS Insurance product or Vested PPS Profit-Share Account™ plus one from the Group
PPS Insurance product or Vested PPS Profit-Share Account™ plus two from the Group
PPS Insurance product or Vested PPS Profit-Share Account™ plus three from the Group
BOOSTER PERCENTAGE
10 %
20 %
30 %
Group refers to PPS subsidiaries and affiliates( PPS Investments, PPS Short-Term Insurance, PPS Health Professions Indemnity and Profmed).
A minimum balance of R50 000 must be held in the Vested PPS Profit-Share Account™ for a member to qualify for PPS Profit-Share Cross-Holdings Booster allocations. However, if a member ' s Vested PPS Profit-Share Account™ is below R50 000 and they have never withdrawn from their Vested PPS Profit- Share Account™, they will qualify for PPS Profit-Share Cross-Holdings Booster allocations.
* These allocations will only be applied as from 2025 and will be included in PPS Profit-Share Account™ statements as when results are declared in April 2026.
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