The flexible self-employed pension

We work with Dead Simple Accounting to take the hassle out of tax & pensions so you don't have to worry. Enter 'deadsimpleaccounting' in the referral box for a bonus in your pension. FCA number 826097.

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As with all investments, capital is at risk.

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Setup and contribute online, in minutes

Flexible contributions

Adjust, pause, top up your pension in line with your company cash flow anywhere, anytime.

Simple to set up

Running a business leaves you short on time. Setup with Penfold online in just 5 minutes.

One all-in fee

We hate hidden fees. You'll only pay one annual fee of either 0.75% or 0.88%, depending on your pension option.

Company director?

Company director?

Make tax-free contributions

Pension contributions from your limited company are classed as a business expense, so you won't pay any tax on these contributions.

Save up to 19% in tax

Business contributions are deductible from your corporation tax bill. £1000 into your pension will reduce your tax bill by £190.

Maximise your allowance

For non-company directors, the maximum pension contribution is limited to their total annual salary. With a limited company, you can contribute up to £40k and still claim the tax benefits.

Tax treatment does depend on your individual circumstances & may be subject to change in the future. 

Sole trader? Get 25% tax relief

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.

Combine your pensions

If you have other pension pots, we can bring them together in one place for you.

Tracking and consolidating your old pension pots with Penfold is easy, free of charge, and our friendly customer service will manage it on your behalf. Learn more about our transfer service here.

It is important to compare providers’ fees & any guaranteed benefits when deciding on whether to transfer, 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 pot has gone down, the amount returned to the provider may be less than what you originally transferred.

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

How it works

How it works

Select your plan

We offer four Standard options, plus a Shariah and a Sustainable pension fund.

Add money or transfer

Setup your contribution either through Direct Debit or bank transfer, or request a pension transfer.

Calculate & track

Track your pot performance. Project and forecast your future with our calculator tools.


Withdraw easily online at 55. There's no restrictions with withdrawing a Penfold pension.


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Join thousands of self-employed people already saving with Penfold

Crowd of happy people


Really impressed and grateful for an easy solution for a director of a limited company to set up a pension plan.


As a small company director with fluctuating income, the ability to increase/decrease or suspend payments is really easy from the website or from the iPhone app.


Very personal customer service. Friendly and helpful! Easy to understand app. Deposit and go!

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