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The flexible pension for freelance parents

Penfold provides freelancers with an online pension that's simple to use & completely flexible. Sign up below and get a £25 bonus from us. FCA number 826097.

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Penfold — Enjoy the now

As with all investments, your capital is at risk

The flexible
pension for
freelance parents

Penfold provides freelancers with an online pension that's simple to use & completely flexible. Sign up below and get a £25 bonus from us. FCA number 826097.

Download at the Google Play Store
Download at the Apple App Store

As with all investments, your capital is at risk

Penfold — Enjoy the now

Flexible, simple & easy to use

We know running a business & home-schooling the kids leaves you short on time. You can set up your Penfold pension in under 5 minutes.

And, forecasting your finances isn't easy when you're freelancing. That's why we're flexible around you: adjust, top up, change or pause your payments at any time — instantly and online.

Penfold pensions app showing the add money screen via personal or business account

Earn a £25 bonus

Frankie & Steve have been friends with Penfold since the beginning. To thank them, we're offering their friends and the entire DIFTK community a £25 bonus to kickstart their Penfold pension.

Rewarding, simple and easy to understand: we take the stress out of saving for later.

Penfold pensions app showing the deposit amount selector screen
Penfold pensions app showing the standard plan supplied by BlackRock screen
Penfold pensions app showing the dashboard screen with the current pot amount and annual goal.

Choose how much to save

Pick a growth profile

Receive your £25 bonus

Penfold — Enjoy the now

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.

Penfold app showing the pension transfer screen
A mother and her daughter painting each others faces

Remember

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.

Join thousands of freelance parents already saving with Penfold

Invest, track & save

Penfold app showing pension fund performance track record screen

Invest, track & save

Select your pension plan

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

Set up your contribution

Finish setting up your Penfold pension with a contribution, either through Direct debit or bank transfer.

Earn your £25 bonus

We'll add a £25 bonus into your pension once your first payment has come out.

Project & forecast

Track your pot performance, and project your pension with our calculator tools.

Withdraw from 55

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

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