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Model your profit allocation and the capital value you earn into partnership equity across eight years. Change net-margin growth, your end-of-year score and basis level for any year and watch both value streams respond.
The whole projection is anchored to Year 0. To use this for a different partner, copy their figures straight off their partner statement for that year — the labels match. Everything below recalculates instantly.
Point value auto-fills from valuation ÷ points. For a brand-new partner it's the only equity figure that isn't zero — this year's firm reference is ~£135,757. (The year-old sample sheets used ~£120,261, if you ever want to reproduce them.)
Payment windows — % of each year's award
Basis Share & Equity Dividend for a financial year are paid the following year: May & August clear that year's Basis Share, November & February the Equity Dividend. Fixed Drawings are paid evenly across their own financial year. Equity valuation share is excluded — it pays out over ~8 years after you leave.
After-tax reserving
The firm fixes the monthly drawing at a round figure (gross £16,667/mo, i.e. £200k/yr) and settles the actual tax separately — so this is a flat amount every month, not a per-year calculation. That's why the figure no longer drifts between years.
Profit distributions are reserved at a flat, conservative rate covering the additional rate, National Insurance and a buffer. 50% reproduces the actual net on your May window; nudge it to match your statement exactly.
All amounts in £000s. Blue = a payment-window month. When shown after tax, Fixed Drawings use each year's effective income-tax rate; Basis Share & Equity Dividend are reserved at the flat distribution rate set above.
Every rule here is drawn from the Partnership Finance Handbook v2.6 and calibrated so that it reproduces your FY26 actuals and the firm's own sample scenario sheets. It is built to be directionally correct, matching the spirit of the firm's own projections — not to reproduce a payslip to the pound.
£200,000 flat for every UK basis level (Policy 10), paid regardless of score or basis.
Allocated by weight = (basis/20) × [1 + (3 − score) × step], where step is the per-point score adjustment from Handbook Table 3 (27.5% at basis 20, tapering to ~15% at basis 100). The per-unit value grows with firm profit relative to firm growth; calibrated as roughly flat at +10% net-margin growth and about +8%/yr at +17.5%. This row reproduces the sample scenario sheets to within ~0.3%.
You accumulate equity points each year (new points = (basis/20) × score-factor × scale, using Table 2's 200/150/100/60/25% score bands). Your dividend is points × point-value × 0.775⁄6. Point value grows as net margin outpaces the ~5% annual point issuance. The scale is fixed so the model reproduces your actual 0.27 points earned in FY26.
Your equity valuation is points × point-value (equivalently ≈ 7.74 × Equity Dividend, since notional value = 6 × net profit). On top sits your share of the valuation gap — your claim on former partners' points. The Handbook itself flags the gap as "particularly imprecise", so it is modelled as a declining fraction (~0.68 → 0.46) of each year's points-value increase, calibrated to your FY26 gap of £21.5k and the sample sheets. Treat the cumulative valuation number as a sense of scale, not a promise. It only vests after three years' service, and is paid out over ~7–8 years after you leave.