Workplace Pension Service

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What Is A Workplace Pension?

No matter how long one may be in a company’s service, retirement will surely come and you will have to depend on a pension. A Workplace Pension is a good way to start preparing for retirement as it will help you to enjoy a decent standard of living. Joining the Workplace Pension scheme offers many benefits, and – as an employer – knowing these benefits is important so that you can carefully deduce what is best for your employees. The UK government makes this compulsory because many employees hardly consider saving up for their retirement. Should this be the case for everyone, retirees will become a burden for the government.

Why Use Nordens For Workplace Pensions?

Workplace Pensions are a form of incentive which can help spur your employees to put their best in for the interest of the business. There are many different types of Workplace Pensions and seeking out the best scheme will actually gain employees more than they invested.

Occupational Pensions are set up by an employer to grant them access to a pension scheme

Final Salary Schemes are tied to an employee’s salary and paid at retirement

Money Purchase Schemes aim at increasing the amount a retiree is entitled to

Group Personal Pensions are for employees who are unable to sign up directly for a Workplace Pensions. The contribution is usually invested in order to generate extra funds

Stakeholders’ Pensions do not require an employee’s contribution (depending on the terms of pension)

Finding the appropriate Workplace Pensions is usually difficult and a serious concern for those who are sincerely concerned with the comfort of their employees after retirement and how to manage the scheme. Well, you don’t have to worry, we have a team of experts who are available to cater for all your needs. At Nordens, we offer amazing Workplace Pensions service features:

For employees, we can assist in handling the pension transfer if you leave your job

We can help your company execute its Workplace Pensions monthly calculation

We provide our clients with access to legal and general Workplace Pensions provisions

We will help you calculate the pensions that are due to your employees

Our Expert Workplace Pension Service

Nordens premium service is designed to support you in your workplace pension calculations and formulations.
Our highly qualified ACCA accounting team can handle even the most complex workplace pension situation.

Pension Calculations

Pension Submission

HMRC Communication

Expert ACCA Accounting Advisors

Dedicated Account Manager

Frequently Asked Questions

Here at Nordens, we understand that you want to know more about our Workplace Pension Services. To keep you well-informed, here’s a list of our most frequently asked questions:


Retirement plans are established by business owners in order to help employees live comfortably after retiring. However, not all employees qualify for retirement plans. Here are the requirements to qualify:

Employed based on full-time service and works for at least 35 hours per week

Not an independent contractor

Works and get paid directly by the company (this means a written employment contract is established between the employer and the employee)

Thus, it excludes apprentices or human labour supplied to the company by other firms


You can opt out of your Workplace Pensions. However, it depends on whether you are automatically enrolled or not. Also, you will have to contact the pension scheme provider. If you have been automatically enrolled and are considering opting out after a month, you will get a refund of any amount you have invested into the scheme. If it exceeds a month, you may not get any refund until you retire. On the other hand, if you have not been enrolled automatically before joining the workplace scheme, you need to ask your employer about opting out.


Workplace Pensions have been mandated by the government for every business. However, some still find it too awkward to enrol for the scheme. Some of the benefits are highlighted below:

The opportunity to pay additional amounts in order to increase your pension

Flexible retirement options that allow you to retire early in case of health issues

The ability to provide for your spouse and loved ones after your death

It serves as another savings opportunity

It enables you to enjoy contributions from the government in the form of tax relief


Apart from the benefits that you enjoy for signing up for Workplace Pensions, there is a defined contribution which you are expected to make whenever your payroll is being sorted. Every pay period – whether you have been enrolled automatically or it’s a voluntary membership – what you pay depends on the workplace scheme your employer enrolled for. That is why we always advise that you seek information about it before signing up. For automatic enrolment, what it costs depends on your total earnings. For a Defined Benefit Pension Scheme, for example, you are expected to put in £40 every payday.

Beyond Accountancy

At Nordens, we're more than just accountants - we're business experts who can help you achieve your biggest goals.

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Our specialist strategic division at Nordens boasts some of the leading entrepreneurial business minds in the country. We cater towards delivering consistent success stories, whilst helping businesses achieve above and beyond their initial goals.

Through highly-tailored guidance, coaching and advice, Nordens Strategic are able to define exactly how your business can reach new levels of success.

Regardless of how you define ‘success’ for your business, our strategic service is guaranteed to bring about real and lasting change. By partnering with some of the UK’s top business coaches, we’ll steer you along the path to a greater future.

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Every business, no matter how big or small, needs to make the right decisions, and how to best manage your accounts can put huge question marks over your business. Accounting2You is here to take that pressure off and provide you with all the answers you need.

Our bookkeeping branch offers a fully inclusive, comprehensive service that you can trust. Since 2005, our specialist bookkeepers have been successfully managing the accounting of both individuals and small businesses.

With experts in payroll analysis, credit control and financial recording, Accounting2You will lead your business efficiently, and with real purpose, towards a prosperous future.

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Director - Metro Bank

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Having worked with Nordens over the last 5 years, not only to look after my annual accounts but they have also provided outstanding professional advice. They have guided me through a Company share buyback with clear and objective advice. We have also been using Nordens strategic services for a couple of years, which has helped bring about significant improvements that exceeded my expectations. With experience of working with several local accountants over my 29 years in business, I’m very pleased with the service I have received from Nordens.

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In November 2002, having sold our other business interests off earlier in the year, I decided to set up Nordens Chartered Accountants. The easy part was knowing how to do it, as I had established and built a smaller practice a few years earlier. The difficult part, for me, was not following the traditional accountancy path. Having run businesses, both successfully and unsuccessfully, I wanted to help business owners resolve their short term problems and work with them to achieve their longer term goals. Business has always been my interest and I love that I can help business owners achieve what seems like the impossible every single working day.

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