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Our £40k Giveaway is now closed

Entries to our £40k Giveaway closed on the 19th March, 2023. A huge thank you to everyone for entering.

We're really sorry if you missed out this time - there will be more opportunities in the future!

Enter Giveaway
Creative woman saving for her future

Life doesn't stand still. So why should pensions?

If, like us, you’ve changed jobs a few times, you’ll have a few pensions lying around.

You keep meaning to combine them but ugh… the admin.

Life’s too short, right? Which is kind of ironic when we’re talking about pensions.

However, this inaction is actually turning into a huge issue.

For 79% of the population, retirement is looking far from comfortable.

Part of the problem is all these pesky different pensions.

How can you tell how much you have now, and what you might have in the future if they’re all scattered around with different providers?

Creative woman saving for her future

Make your future easier to manage

We're on a mission to get more people on track for a comfortable retirement.

We make combining pensions simple and faff-free, so you can get on with what really matters.

Combining pensions together gives you full visibility.

And, with all your pension pots together, you can use our in-app Forecast tool to get a real picture of what your pension could be worth at retirement.

Knowing your numbers is the first step to getting on track.

So, this March, we’re helping you take control of your future.

Combine your pensions together in just three taps to enter our £40k giveaway prize draw, where we’ll be maxing out one lucky customers pension with £40,000, that could grow to £173k* at retirement.

Enter Giveaway

How to enter

Both new and existing Penfold savers can enter our giveaway.

Entries close 19th March. Terms apply.

Customers: 100 entries

New and existing customers get 100 entries.

It’s our way of saying thanks for being a part of Penfold.

See how to open an account

Combiners: 200 entries

Combine old pensions into one account for full savings visibility.

Each pension transfer request will give you another 200 entries.

Learn about combining pensions

Use My Forecast: 50 entries

Use our in-app tool to see what your retirement income looks like.

Get another 50 entries just for exploring your future quality of life!

Find out about My Forecast

Enter Giveaway

Join thousands of happy customers


Penfold helped me transfer over another pension smoothly. They were super helpful and efficient about doing their job.


Transfer from an old pension was so simple and quick. Brilliant and easy to use app. Highly recommend Penfold's pension.


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.

Giveaway FAQs

Haven't answered your question? See all FAQs

*Based on 30 years growth. This includes tax relief and annual growth of 5% from investments, less fees. These figures are not adjusted for inflation.

Read our £40k Giveaway 2023 Terms.

Changing pension providers is an important decision. Before transferring pensions, please make sure it's the right decision for you by comparing providers' fees and any guaranteed benefits, and be sure that the investments available are suitable for you. We cannot accept defined benefit pension transfers.

If you decide to close your Penfold account and the value of your account has gone down, the amount returned to the provider may be less than your original transfer.

If you change your mind after transferring your pension, there is a 30 day cancellation period to transfer your pension back to your original provider.

If your employer is currently paying into your pension, transferring that account may mean you lose out on their contribution. For more information on the risks see here.

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