The recording of an under-performance adjustment does not automatically reduce the Total Contract Value's (TCV) ceiling.
Step 1 of 'Guidance for the Completion of Net Pensionable Earnings Declaration for Providers' confirms 'Calculate 43.9% of the GDS/PDS contract value. This identifies the 'pensionable earnings ceiling''.
The maximum pensionable, superannuable pay available for distribution to all dentists on the contract.
If the contract value subsequently falls through under-performance claw back, this original calculation must be reworked when the changes to the contract value are agreed.
If you're aware of an under-performance adjustment when completing your ARR, the Net Pensionable Earnings (NPE) or Net Pensionable Earnings Equivalent (NPEE) figures you declare must take this into account.
If a claw-back has been recorded after you'ave completed your ARR, you must amend the NPE or NPEE figures declared by the Post ARR facility when it becomes available.