> This is the Markdown of a Backed Help Centre page, https://admin.backed.giving/help/news/2026/2026-11-08-contract-indexation.md. Every page is listed at https://admin.backed.giving/help/llms.txt.

## What's new

- A contract with indexation terms now shows `Indexation due` from the first day of a due year.
  `Apply indexation` previews every milestone's base, uplift and indexed amount, lists what won't
  change and why, and applies the year in one step. See
  [Indexation of contract payments](../../administrator/payments/indexation.md).
- `Variations` on a contract now lists applied indexation with the contract's variations, by date,
  and the `Milestones` tab gains `Base`, `Uplift` and `Indexed` columns. Later years are marked
  `Projected` or `To be indexed`. See [A contract](../../administrator/contracts/a-contract.md).
- Applicants see the same figures in the `Amount` of each indexed milestone. See
  [Milestones](../../applicant/milestones.md).