We've designed Penfold be completely flexible. If you decide to contribute, payments can be adjusted or paused any time.
Penfold is designed to be tailored to your finances. If you decide to make contributions, you can adjust, top-up, or pause payments any time online or in our app.
Private pension savers receive a 25% government tax bonus on pension contributions. We'll automatically claim this and add it to your account.Private pension tax relief explained
Business pension contributions can be claimed as an expense, therefore savings into a Penfold account can be made tax-free.Self-employed contributions guide
Limited company pension contributions are deductible from corporation tax. £1,000 saved into a pension will reduce a tax bill by £190.Limited company contributions guide
Tax treatment does depend on your individual circumstances & may be subject to change in the future.
Knowing how much to save can be half the headache with a pension but we've got you covered.
Use our pension calculator to help you decide how much to save into your Penfold pension. Simply enter your:
We'll indicate how much to save now and what you should expect to get later when you retire.