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Paragraph 27 Election ceasing to have effect

Changes not yet applied. Later legislation changes this provision in ways not yet written into the text below:

An election which states that the additional contributions are to be paid in a single lump sum ceases to have effect if —

(a)

the payment of contributions is not received by the Secretary of State within one month after the date on which the Secretary of State notified the person making the election that the election had been accepted, or

(b)

the payment of contributions is received by the Secretary of State after the person in respect of whom the election is made attains the normal pension age.