NHS Pension Secrets: How Your TRS Helps You Save Tax

Your TRS is where you see your total reward statement. Now, if you work in a trust, you can easily get this. You log into your total reward statement through your. What was that thing you guys log into? You can log into if you are in an nhs. Thank you. Same. Your esr, you can get your total reward statement. Now, we've had people in the one to one session come with their ESR from two previous years. You can work out how much you have put into your pension, but basically it's 23.7% of your income. That's what your employer puts in while they deduct 12.5%. But your ESR is important because you can get your total reward statement and work out what we call pension growth. So you can know what is left to put into your pension. Now, someone might wonder why are you interested in finding out how much more you can put into your pension? But why is it even important? Why is it important? Does anyone want to have a go? Maximize. Because it's taxed before you have been taxed, so it's pre taxed, so you have less money that has been taxed in the end. Excellent.