Election to pay additional voluntary contributions
4.—(1) A person in pensionable employment may at any time elect to pay periodical contributions under these Regulations—
(a)for investment under regulation 9, or
(b)to provide for a lump sum death benefit.
(2) The notice of such an election shall specify—
(a)whether the election relates to paragraph (1)(a) or (b), or both;
(b)the amount of each periodical contribution or, if expressed as a percentage of salary, that percentage;
(c)in relation to periodical contributions for the purpose of investment under regulation 9, the fund or funds in which the contributions are to be invested; and
(d)subject to regulation 7(5), in relation to the provision of a lump sum death benefit, the amount to be secured which must not be less than £5,000.