The pension for
the self-employed.

Penfold is the only pension built specifically for freelancers & contractors.

Start with as much as you like or as little as £10.
Stop anytime.

Pension Target Tracker

Authorised and regulated by the FCA.

Plan builder

Pay what you like,
stop anytime.

You can increase, decrease and even pause your contributions at any time — no pressure. Penfold adapts you, not the other way around.

Penfold is built to last, so your plan is flexible by design. We’ll help you get started, defining goals that are perfectly attuned to you and your financial situation.


Pay yourself,
not the taxman.

Pay in direct and get 25% top-up for free from the government (and even more for higher rate tax payers).

Pay in from your company to reduce your corporate tax bill this year while saving for later.

I've often worked as a contractor without an employer sorting out my pension. I thought it would be a hassle, but Penfold made it super easy to set up online in a few minutes.Now I contribute whatever I want.Alex Heaton
Plan builder

made easy.

Achieving financial freedom is within everyone’s reach. Part of getting there is simply understanding what’s at your disposal and how to use it to your advantage.

We’ll show you how pensions work, why they can’t wait, and help you decide your next move.

And no jargon, because jargon sucks.


You work, your
money works too.

There’s very little upside to having your money sit and wait. Ever seen money sitting and waiting? It’s terribly uncompelling.

We’ve partnered with some of the world’s largest asset managers to ensure your pension is invested safely and sensibly all around the world, giving you the best chance of building up enough to stop working one day.

The bad news

You may already be losing up to £228.95 daily by not having a pension set up. An oddly specific number, we know.

That would be £228.95 lost yesterday, and technically £228.95 already lost today. Keep it up, and that’s another £228.95 tomorrow.

By the end of next week, it’ll look like

The good news

We’ve made it remarkably simple to take care of that!

* £228.95 is based on the following assumptions: a 21 year old making £29,009 a year (UK combined average for 2019) saving 12.5% tax free into their pension, growing at 7% until retirement age. These returns are not guaranteed.

Authorised and regulated by the FCA.

With pensions, as with all investments, your capital is at risk
and the value of your pension with Penfold may go up as well as down.

You may get back less than you put in.

Contact Us using or at

Copyright © 2019 Penfold Savings Limited. Penfold® is a trading name of Penfold Savings Limited, authorised and regulated by the FCA, no. 826097, registered in England and Wales, company no. 11668244, with a registered office at Kemp House, 160 City Road, London, EC1V 2NX.
Legal information


Do you like cookies? 🍪 We use cookies to ensure you get the best experience on our website.