NHS Total Reward Statements (TRS)– Practitioner Pilot announced

NHS Business Services Authority announced this week: Following the successful pilot of TRS for officer members in 2013, we are planning to pilot TRS and Annual Benefit Statements (ABS) for members with practitioner status, or who have had practitioner status in the past.

Jon Drysdale of dental financial planning specialists, PFM Dental, commented: “While we welcome the release of more information, it is questionable how much use these statements will be for self-employed dental practitioners. TRS statements generally relate to a package of employment benefits – most commonly enjoyed by salaried officers. Although a TRS offers basic information on pension benefits, it is unlikely to extend to the more useful and technical aspects of the pension scheme such as the annual allowance calculations.”

Assuming a successful pilot, the general ‘roll-out’ will be in 2015. Jon Drysdale commented: "We welcome the move to improve online access to financial records and hope that the Business Services Authority recognises aspects unique to dental practitioners."

For information on pension benefits for NHS practitioners visit www.pfmdental.co.uk