Manage your retirement income

Choose how much you want to withdraw from your retirement savings (between 2.5% and 17.5% of your investment value annually)

Select how often you receive these payments

Change your annuity income amount and frequency once a year according to your personal circumstances

You have the opportunity for continued investment growth when you reinvest your savings

In the event of your death, the remaining capital will be paid directly to your beneficiaries

You have access to a focused range of unit trusts from a selection of asset managers

Change your fund allocation at any time without any transaction costs

Acquire profit allocation from your investment and allocation to PPS funds

Earn additional allocation through family linking of the OPN investment solutions

It is important to note that the income is not guaranteed and your ability to sustain the level of income will be affected by the performance of the underlying unit trusts in which you are invested.

It is your responsibility to ensure that your income that you draw will be sustainable for the entire duration of your retirement.

If the income that you draw is too high, you bear the risk of running out of money during your retirement.

Returns in the underlying unit trusts are not guaranteed and your investment may not perform according to your expectations.

Blends the benefits of a life annuity*, where you do not carry the risk of outliving your savings or running out of funds due to poor investment returns, with a living annuity.

Provides a secured monthly lifetime income into your living annuity that will never reduce in nominal terms, regardless of market movements.

Acquire profit allocation from your PPS Living Annuity with Lifetime Income and allocation to PPS funds.

Earn additional allocation through family linking of the OPN investment solutions.

You have the option to provide a secured lifetime income for your spouse that will be paid in the event that you pass away.

Choose to add a minimum payment period. If you pass away within that time frame, the remaining payments for the period will be paid into the unit trust portion of your living annuity as a lump sum and will be accessible to your beneficiaries.

Your beneficiaries will receive the remaining assets in the unit trust portion.

After 60 if the member still has PPS Sickness and Permanent Incapacity Benefit, the PPS Profit-Share Account assets may be accessed via the Vested PPS Profit-Share Account

You can use these assets as part of your retirement planning.

Reinvest assets to generate further returns and grow your capital

Supplement your retirement income with withdrawals

Most taxable growth is at 30% for individuals, local dividends at 20% and realised capital gains at 12%

You are not responsible for tax reporting

Continue earning PPS profits attributable to PPS Investments

Proceeds will be paid directly to your beneficiaries

* Administered by PPS Investments