A cash sum

A cash sum

A cash sum equal to three times your basic salary (or four times your basic salary if 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 basic contributions paid by you or credited to you as well as any contributions paid by or credited to you in relation to Final Salary AVCs (without interest); plus
• An amount equal to the value of any money purchase AVCs attributable to you as at the date of death.

The Trustee has discretion as to whom payment is made.