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4.—(1) A person employed in reckonable service may at any time elect to pay—
(a)regular contributions for investment under regulation 9(1);
(b)a lump sum contribution for investment under regulation 9(1); or
(c)regular contributions to secure the payment of a lump sum death benefit under these Regulations.
(2) An election under paragraph (1) shall specify—
(a)in the case of an election under sub-paragraph (a) or (c), the amount of each regular contribution or, if expressed as a percentage of salary, that percentage.
(b)in the case of an election under sub-paragraph (b) the amount of the contribution;
(c)in the case of an election under sub-paragraph (a) or (b) the fund or funds in which contributions are to be invested; and
(d)in the case of an election under paragraph (1)(c) the amount to be secured which must not be less than £5,000.
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