Hey Ross,
Thanks for your report! I just tested this and could recreate the issue, so it looks like we have a but.
Though I cannot promise we will be able to fix this in the very next update as the development of that finishes today and we are moving into testing, I will give this a higher priority so we can tackle this soon after.
Until the fix ships instead of “yearly” recurrence you could use “once”. That will cover you for this year. Then you can change it back once the fix is done.
Cheers,
Andras