Reduce Employer NICs: Salary Sacrifice Pensions

PenfoldWorkplace Auto-Enrolment & Private Pension Provider
For Accountants

Modern workplace pensions your clients will love

  • No fees for accountants and employers
  • Support closing old pension schemes
  • A dedicated Account Manager
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Explore the app

For employees and company directors

Tour the platform

For accountants and advisers

Can I recommend a workplace pension provider to my clients?

Yes! Advising employers on workplace pension scheme selection is not regulated advice. So, you can assist your clients by providing information, comparing schemes and making recommendations.

Read more on The Pension Regulator website
Better for everyone

Who is Penfold for?

By elevating your practice offering, you can strengthen your relationships with the people that matter most:

Employers

Save money with a no-cost platform and tax-efficient contributions while attracting and retaining the best talent

Company Directors

Lower corporation tax by paying profits into a pension, with easily adjusted one-off contributions

Employees

Set and reach retirement goals with a modern and simple-to-use pension app

A happy young woman wearing a gray cap and sweater looks at her orange smartphone, pointing to it with a smile. In the foreground, a graphic overlay of a phone screen shows the Penfold pension app interface, with a notification from Acme Inc. that £400 has been paid into her pension. The screen displays a total pot value of £12,994.54 and options for pension transfer and forecasting retirement value.
Getting Started

Setting up a pension has never been so easy

Access in minutes

Quickly get set up with our platform and start adding your clients in three easy steps

Support closing old schemes

Get help switching from old pension providers and onboarding new savers

Dedicated Account Manager

Reach out to our experts by phone or email for any help getting started

A happy young woman wearing a gray cap and sweater looks at her orange smartphone, pointing to it with a smile. In the foreground, a graphic overlay of a phone screen shows the Penfold pension app interface, with a notification from Acme Inc. that £400 has been paid into her pension. The screen displays a total pot value of £12,994.54 and options for pension transfer and forecasting retirement value.
Time-saving platform

Spend 50% less time processing files*

Integrate Penfold into your workflow

Upload contribution files straight from your payroll software –or simply drag and drop

Say goodbye to painful processing

Use our advanced tech to autocorrect errors – meaning each submission takes an average of 43 seconds**

Get total visibility

Access contribution data, statuses and histories, as well as
opt-out summaries and employee details

A happy young woman wearing a gray cap and sweater looks at her orange smartphone, pointing to it with a smile. In the foreground, a graphic overlay of a phone screen shows the Penfold pension app interface, with a notification from Acme Inc. that £400 has been paid into her pension. The screen displays a total pot value of £12,994.54 and options for pension transfer and forecasting retirement value.
A trusted partner

First-class service

Your dedicated Account Manager

Every Penfold partner gets a named account manager to support you, available by phone or email from day one

Support for your clients

Our team of pension experts are on hand to answer any questions from your clients and their employees

A photo of a woman looking at a phone and excerpt screens of the Penfold team messaging employees
Fair, transparent pricing

No costs for your clients (or you)

Save money with a pension solution that's free forever for accountants and employers, with no hidden fees

Single employee fee

An annual rate, based on a percentage of their total pot, made up of a pension administration and investment management fee

No hidden charges

Switching support and account management are included – and there are no contribution fees whatsoever

A happy young woman wearing a gray cap and sweater looks at her orange smartphone, pointing to it with a smile. In the foreground, a graphic overlay of a phone screen shows the Penfold pension app interface, with a notification from Acme Inc. that £400 has been paid into her pension. The screen displays a total pot value of £12,994.54 and options for pension transfer and forecasting retirement value.
See how we compare

Why clients choose Penfold

We're a trusted partner

With a 5-star Defacto rating, 4.4 Trustpilot score, and 5-star rated savers app, you can trust Penfold to look after your future

Our funds are industry beating

Our default Penfold Plan, managed by BlackRock, has outperformed the defaults of other auto enrolment providers***

We help to reduce NI tax and save £1000s

With free support to set up salary sacrifice, you can reduce NI tax for employers and individuals without reducing pension contributions

A photo of a woman looking at a phone and excerpt screens of the Penfold team messaging employees

Cone Accounting: Success Story

Join the workplace pension that’s better for everyone

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Insights for accountants

* Based on an internal user interaction survey - Feb 2024, available on request

** Based on internal user data, available on request

*** Based on simulated and annualised returns data collected by Dean Wetton Advisory, available on request. Past performance is not an indicator of future returns.