Workplace Pension Service

World class accounting from award winning chartered accountants you can trust

We Have Open Minds

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.

Nordens Strategic

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.

Accounting 2 You

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.

Voted as EXCELLENT - 9.9 out of 10 based on 167 reviews

Chris Dyer

Director - Metro Bank

Nordens are always very easy to deal with and extremely professional and efficient. I would have no hesitation in recommending them to my clients for their accountancy needs, no matter how complex they may be.

Read more reviews on Trust Pilot

Jamie Brown

Co-Founder - Chicmi Limited

Very good to work with - the team go above and beyond to make the accounts easy and efficient. They're all super friendly and a joy to work with.

Read more reviews on Trust Pilot

Simon Rose

Director - Rose Opticians

I have been using Nordens Chartered Accountants for 5 years and very happy with the service provided. All members of the team are very knowledgeable and have a wealth of experience which has proved very beneficial to my organisation

Read more reviews on Trust Pilot

Rebecca Bossick

Founder & Director - Physio LDN

Very easy to contact and put me in touch with the right person whenever I need to ask any questions. Extremely knowledgeable and can help me manage my various businesses whenever I need.

Read more reviews on Trust Pilot

James Aconley

Principal - Pauline Quirke Academy

Great accountants, always available to offer advice. The team have transformed my business.

Read more reviews on Trust Pilot

Christopher Wilce

Founder - Dataphone

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.

Read more reviews on Trust Pilot

Dave Hodges

Director - Linekers

Trusted our business with Nordens for over 10 years now and watched the company grow into the successful innovative business it has become today. Deservedly so. Every aspect of financial advice we need is always given promptly and with a smile. We have total confidence in all aspects of advice Nordens give. If you are looking for accountants, its a no brainer!

Read more reviews on Trust Pilot

Tony Charles

Founder - Foundation Sports Limited

A fantastic, modern, vibrant firm that care about the clients and their staff in abundance. It is rare to find an Accountancy firm with such vibrance and focus and relationships. It is no wonder they win award after award in their field.

Read more reviews on Trust Pilot

Peter Horlock

Managing Director - Prime Time Boilers

I have been with Nordens for many years now and they are a great accountants.

Read more reviews on Trust Pilot

Simon Cushing

Founder - Vivid Finishes

We have used Nordens for the last 5 years and have had a great service throughout. The guys are very passionate about what they do and have played a part in the growth of our company, highly recommended.

Read more reviews on Trust Pilot

Andrew Martin

Managing Director - AMD Interior Architecture

Great Service at Nordens from a friendly very approachable team Particularly Kirsty Willis and Joe Sword who have been helping us since we started the business in 2016.

Read more reviews on Trust Pilot

James Robinson

Director - Forma London

Nordens provide a first class service. We moved to Nordens last year and have been impressed with the level of service provided. Keep up the good work!

Read more reviews on Trust Pilot

Latest News

We've always got our ears to the ground when it comes to interesting, useful and topical information relating to business and accountancy.

Thinking Of Going On…
As UK travel slowly gets back to its feet and recovers from the crushing impact that the pandemic has caused on the industry, many of us are unsure of the particular tests, verifications and documents that are needed upon leavi...
Getting Your Inheritance Tax…
Getting your inheritance tax planning and will sorted can be a bit of a touchy, morbid subject for many but if there’s one thing the pandemic has taught us it is not to rest on your laurels. By securing your estate and assets, ...
Nordens TV

We love making videos that break down convoluted accountancy jargon into plain-talking, actionable and accessible facts.

Nordens Christmas Message 2021
On behalf of everyone here at Nordens, we want to you all a merry Christmas whilst looking back at some of the amazing achievements of the past year. From recruiting new staff, growing our client base, rubberstamping our client...
Live Webinar – Autumn…
The Chancellor of the Exchequer, Rishi Sunak, carried out his briefcase and laid out his Autumn Budget plans on Wednesday 27th October 2021. The Autumn Budget doesn’t usually attract massive attention, however, due to the econo...
  Why I Founded Nordens
Accounting 2 You

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.

Mark Norden Signature

Mark Norden

We're Professionally Certified

Our limited company accountants have a range of qualifications from The Institute Of Chartered Accountants (ICAEW) to the Association of Chartered Certified Accountants (ACCA). We worry about the bye-laws, regulations and ethical guidelines of the ACCA so you don’t have to! That makes us an ACCA-accredited employer as well as a Professional Passport-accredited one!