diff --git a/charts/velero/Chart.yaml b/charts/velero/Chart.yaml
index 694cacad..9b2ef7f0 100644
--- a/charts/velero/Chart.yaml
+++ b/charts/velero/Chart.yaml
@@ -3,7 +3,7 @@ appVersion: 1.14.1
 kubeVersion: ">=1.16.0-0"
 description: A Helm chart for velero
 name: velero
-version: 7.2.0
+version: 7.2.1
 home: https://github.com/vmware-tanzu/velero
 icon: https://cdn-images-1.medium.com/max/1600/1*-9mb3AKnKdcL_QD3CMnthQ.png
 sources:
diff --git a/charts/velero/templates/schedule.yaml b/charts/velero/templates/schedule.yaml
index 4e9907fd..d09d9005 100644
--- a/charts/velero/templates/schedule.yaml
+++ b/charts/velero/templates/schedule.yaml
@@ -5,8 +5,8 @@ kind: Schedule
 metadata:
   name: {{ include "velero.fullname" $ }}-{{ $scheduleName }}
   namespace: {{ $.Release.Namespace }}
-  annotations:
   {{- if $schedule.annotations }}
+  annotations:
     {{- toYaml $schedule.annotations | nindent 4 }}
   {{- end }}
   labels: