Penfold provides the self-employed with an online pension that's simple to use & completely flexible. HMRC adds £25 for every £100 you pay in. FCA number 826097.
When you’re self-employed, your finances aren’t easy to forecast.
Penfold is designed to be as flexible as you. Once you start saving, you can top up, change, or pause your payments at any time — instantly and online.
We know running a business leaves you short on time. So we built a pension you can set up in under 5 minutes.
Simple to use and easy to understand, we take the stress out of saving for later.
The government adds a 25% bonus to everything you save into a pension.
That’s guaranteed cashback on what you save and we organise it for you, adding it directly to your pension. Tax treatment does depend on your individual circumstances & may be subject to change in the future.
Pensions can be confusing. Our friendly team of experts will answer any question you have, and we promise no jargon.
No waiting lines, no call centres. Just drop us a message on chat, email us or give us a call any time.
Our consolidation service is for everyone - self-employed or not - we make finding & combining your old pension pots as easy as ever. Simply request the transfer from your dashboard, and our team of experts will sort the rest for you.
We'll even top up your transfer funds by up to £1,000! To find out more about this offer, head here.
The simplest possible way to get a pension set up if you're self employed. Setup took less than 5 minutes, and it just works - my money goes in, government money goes in, I can see everything at a glance - I genuinely can't see how it could be better.
Just brilliant! So easy to use. Customer Service second to none! Responses. Yes! Responses to your enquiries, quickly and in a language we all understand - common sense.
Why oh why!? can't so many other companies be like this. Thrilled and delighted and in control. It's great.
It was so simple to set up and the team were able to transfer in my existing pension pots for me without hassle. Everything is clear and easy to understand, which is a relief when traditional pensions can be confusing.
Download our app or register online.
We help you decide how much to save and which plan is right for you.
Top-up your account by Direct Debit or by bank transfer. Pause or change any time.
We add your 25% tax bonus each month. Pension & tax rules apply.
Review your progress on our clear, online dashboard. Withdraw from age 55.
Your money is held by a third party custodian with Lloyds bank. If the event that Penfold became insolvent, your assets would be kept separate and transferred to another provider. Your investments are managed by BlackRock, the largest money manager in the world, and HSBC.
Your data is secure and protected by the most up-to-date technology and processes. We strictly follow GDPR guidelines.
Your pension holdings are protected by the Financial Services Compensation Scheme. In the event Blackrock, HSBC or Lloyds bank became insolvent, your pension is protected up to £85,000 per individual with an eligible claim.
Penfold pensions are managed by BlackRock. Just pick one of four carefully created, low cost investment plans, and let your money work for you.
Penfold is the first UK pension designed for the self-employed. Freelancer, sole trader, ltd company director – anything that means you’re your own boss.
Our calculator does the hard work for you, helping you choose how much to save based on how much you earn.
My question isn’t here. See all FAQs ».