When your money is sent to us, it is part of your pension. Your money is held in your name in a special client money account with Lloyds bank, so it is separate from any of Penfold’s money.

To be extra safe, we use a third party to manage these accounts, who are also regulated by the FCA. Their job is to hold your money and invest it in the plan you have chosen. Those plans are managed either by BlackRock or HSBC, two of the world’s largest money managers.

The Penfold Pension is operated and administered by Gaudi Regulated Services Limited, who are authorised and regulated by the Financial Conduct Authority. If something happened to Penfold, your pension would still exist, and Gaudi would get in touch to explain how you manage it in the future. If somehow there was no Penfold online portal, you could move your money to a different pension provider for no charge. Penfold is also FSCS protected, so in the event BlackRock, HSBC or Lloyds bank became insolvent, your pension is protected up to £85,000 per individual with an eligible claim.

We hate hidden fees and you probably do too. We'll only charge you one fair, transparent annual fee for managing your pension that covers absolutely everything within Penfold’s pension service. 

You'll pay an annual fee between 0.75% and 0.88%, depending on the plan you choose. We'll automatically deduct a portion of your annual fee from your pension in 12 monthly instalments.

If your pension pot size is larger than £100,000 the fee is reduced to either 0.4% or 0.53% on the portion of your savings over this amount.

To read more about our fees, head here.

When you pay money into your pension, it is kept entirely separate from any of Penfold's own money. It is held in your name in a Lloyds Bank Account specifically for 'client money', which is controlled by a regulated third party custodian. From there, it is invested in fund managed by Blackrock, one of the worlds largest money managers.

You can read more about how Blackrock manages your money, by clicking the link below.

The Penfold Pension is operated and administered by Gaudi Regulated Services Limited, who are authorised and regulated by the Financial Conduct Authority. If something happened to Penfold, your pension would still exist, and Gaudi would get in touch to explain how you manage it in the future if somehow there was no Penfold online portal. You could move your money to a different pension provider for no charge. Penfold is also FSCS protected, so if something happened to Penfold, Gaudi and BlackRock, your pension is protected up to £85,000 per individual with an eligible claim.

Yes. Penfold is a trading name of Penfold Savings Ltd, our FCA number is 826097. Your pension is administered by Gaudi Regulated Services Ltd, their FCA number is 488015. 

Yes. Penfold is for anyone who is self-employed, and this absolutely includes anyone who is a Director of Limited company. You can make 'employer' contributions into your Penfold Pension, and these usually count as a company expense and would therefore reduce your corporation tax bill. You should discuss this with your accountant as individual tax circumstances may vary.

Penfold is designed for maximum flexibility, so you can pause or stop your contributions at anytime, make one-off topups, or set up regular payments - whatever you like. There is no minimum deposit when you set up your pension, and you can pay nothing each month if you like. If you do make a contribution, the minimum amount we can process is £10.

Yes. We can help you track down and consolidate all your old pension pots. Just click the "Find and Combine" button when you've set up your account, provide what information you can, and we'll get started. We'll keep you informed every step of the way.

This is the killer question! If you sign up for Penfold, we’ll help you figure this out by applying some helpful rules of thumb and making some assumptions about what sort of life you want to live when you’re a bit older. Have a play with our calculator, here