The Late Pleistocene and Holocene glacial and postglacial sediments of the Baltic Sea basin are conventionally classified into units according to the so‐called Baltic Sea stages: Baltic Ice Lake, Yoldia Sea, Ancylus Lake and Litorina Sea. The Baltic Sea stages have been identified in offshore sediment cores by fundamentally different criteria, precluding detailed comparisons of the sediment units amongst different sea areas and studies. Here, long sediment cores and reflection seismic and pinger sub‐bottom profiles were studied from an offshore area in the Gulf of Finland, northern Baltic Sea. The strata are divided on the basis of sedimentological criteria into three allostratigraphical formations with subordinate allostratigraphical members and lithostratigraphical formations, following the combined allostratigraphical and lithostratigraphical (CUAL) approach. Sedimentological features are recommended as the primary stratigraphical classification criteria because they do not require the palaeoenvironmental inferences of salinity and water level that are inherent in the conventional classification practice. The presented stratigraphical division is proposed as a flexible template for future stratigraphical work on the Baltic Sea basin, whereby lower‐rank allounits and lithounits can be included and removed locally, while the alloformations will remain at the highest hierarchical level and guarantee regional correlatability. The stratigraphical division is compatible with international guidelines, facilitating communication to the wider scientific community and comparison with other similar basins.