We offer business accounts to sole traders and directors of limited companies. To apply, you must: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.
Be a minimum of 18 years old
To be eligible, an employee must:
Have a valid UK mobile phone number
Have a device that's registered to a UK App or Goggle Play store.
Earn least £10,000 gross per year (£833 per month or £129 per week)
Sole traders or freelancers must also
Have a valid UK home address
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.
Directors of limited companies must alsoHow 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.
Have a valid home address in the UK or overseas
Then to configure your pension scheme: Admin > Payroll > Settings > Pension > Configuration
We’re on a mission to help business owners spend less time on money admin.Can I connect Tide Payroll to another workplace pension provider?
However, there are a number of high risk industries that we can’t take on, as this would mean not being able to focus our time and energy on the rest of our members.Admin > Payroll > Settings > Pension > Configuration
We don’t currently offer current accounts to businesses in the following industries:Admin > Payroll > Settings > Downloads > Pensions > Download the PAPDIS.csv file for the relevant period
The holding, managing and/or controlling of a third party’s (client’s/customer’s) funds in the Tide account. This includes using the funds on behalf of other individuals
Insurance companies (incl. insurance brokers)
Trading of crypto/virtual currencies
Operating as a pawnbroker
Extraction of precious metals and stones
Investments (incl. real estate investments)
Money services (such as foreign exchange, loan providers, money transfers)
Banking services (incl. BCAs, loans, digital wallets, etc.)
Casinos, prize draws and other betting or gambling activities
Sale of unlicensed pharmaceuticals
Sale or trade of cannabidiol (CBD) products
Trading of weapons, explosives or armaments
Unlicensed trading and processing of scrap metal
Unlicensed waste management
Unlicensed animal breeding
Sale, import and export of used vehicles or heavy machinery
Escort services and other services in the adult industry
Bidding fee auctions
Non-profit organizations, including charities
Operating as, but not limited to, CICs and CIOs, PLC, LLP, Partnership, Trust.
You can read more about this in our blog post: Providing financial security for our members.
