A cash sum

A cash sum

A cash sum equal to four times your salary or such other multiple chosen through salary sacrifice.

This benefit is usually payable from a separate trust to the HP Plan Trust, although it may be paid from the Plan if you have previously applied for Enhanced Protection.

In addition, the following lump sums may also be payable:

• An amount equal to the total contributions paid by you or credited to you with interest from the date of payment to the date of death at the rate of 2.5% per annum; plus
• An amount equal to the value of any additional voluntary contributions attributable to you at the date of death.

The Trustee has discretion as to whom payment is made.