What are Cash Balance benefits?

A “Cash balance” scheme is a form of Defined Benefit/Final Salary pension arrangement where the defined benefit is a lump sum expressed as a formula linked to the members final pensionable salary. The lump sum will be available at retirement to provide benefits for the member and his/her dependents.

More info - https://www.gov.uk/hmrc-internal-manuals/pensions-tax-manual/ptm023500

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Cushon

Cushon Group Limited is registered in England and Wales with company number 10967805. Registered office: Stephenson House, 2 Cherry Orchard Road, Croydon, England, CR0 6BA. Cushon Money Limited is authorised and regulated by the Financial Conduct Authority with FRN 929465 and is registered in England and Wales with company number 11112120. Cushon Master Trust is regulated by The Pensions Regulator with PSR number 12008536. Cushon Group Limited is the sponsoring company of Cushon Master Trust and is registered in England and Wales with company number 10967805. We provide high quality impartial information but not advice, so it is important that you understand the risks of investing. The value of investments can go down as well as up which means you may get back less than you put in.