UK employers must provide a workplace pension scheme for employees to save for their retirement. At the moment, we only connect directly with Nest Pensions, but you can still use another provider, if you prefer.
Each pay day, a percentage of the employee’s salary is automatically put into the pension scheme, and the employer can add to that too. 'Admin' > ‘Invoices & Bills’ > 'Manage' > 'Template' in the app or on the web, to update your company logo, and:
To be eligible, an employee must:
Email address
Invoice address
Phone number
Default due date
To see how your invoice looks after any changes, select 'Preview' at the bottom of the screen.
Be aged 22 to State Pension Age.
Earn least £10,000 gross per year (£833 per month or £129 per week)
When the pension scheme is connected, we’ll automatically assess eligibility and enroll eligible employees within their first month at your company. They’ll start on the standard contribution split, based on their gross salary:Invoice Assistant, you can choose from 2 more invoice templates.
** Invoice Assistant is our invoicing add-on – you can get it on its own or as part of our Admin Essentials and Admin Extra bundles.
If you want to use Invoice Assistant, but have an available free trial for Admin Extra, you must use the free trial first. Then, if you don’t want to stay on Admin Extra when your trial is up, you can downgrade before it ends, and sign up for Invoice Assistant only.
See more about Tide Accounting options here.
5% paid by the employee
3% paid by the employer
UK law requires a minimum of 8% of the employee's salary to be contributed to pension, but it can be more.
How do I connect Tide Payroll to Nest Pensions?
Log in to Tide on the web and head to: Admin > Payroll > Settings > Integrations > Nest Pensions and follow the steps from there.
Then to configure your pension scheme: Admin > Payroll > Settings > Pension > Configuration
Can I connect Tide Payroll to another workplace pension provider?
Not at the moment, however, if you prefer a different pension provider, you can still adjust your pension to match the configuration of your chosen provider, by going to: Admin > Payroll > Settings > Pension > Configuration
You’ll need to export the Pensions and Payroll Data Interface Standard (PAPDIS) files and upload these to your provider’s platform.
For the download, head to: Admin > Payroll > Settings > Downloads > Pensions > Download the PAPDIS.csv file for the relevant period
