Lump sum contributions: payment of contributions and credit of additional pension
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12.—(1) This paragraph applies to a member—
(a)in respect of whom an additional pension election is accepted; and
(b)whose notice of election states that contributions are to be paid by lump sum.
(2) The member’s additional pension account is to be credited with an amount equal to the annual rate of additional (self only) pension stated in the notice of election (“the amount of additional pension”) if the lump sum contribution is paid within one month after the additional pension election is accepted.
(3) The member’s additional pension account is not to be credited with the amount of additional pension unless the lump sum contribution is paid within that time.