Hi Matt
No chance. Something that should also be noted is the compund effect in not taking the full percentage reduces your starting point in year two so you continue in perpetuity to underlevy rates that can never be caught up unless you apply for an SV. You can catch up (over 10-years) the shortfall amount but not the % increase on the shortfall.
I know you know this just thought it should be noted.
Regards,
Andrew
