The flexible pension for freelance parents

Yes! If you are a limited company owner, you have the option to pay in through either or both business contributions and personal contributions with a Penfold pension. You can do this through regular and top up payments, via both Direct Debit and bank transfer.

Paying in through your limited company is known as a business, or employer contribution. Because employer contributions are an allowable business expense, you can offset pension contributions when you complete your Company Tax Return to reduce your corporation tax bill by up to 19%.

Paying in through personal contributions means that your contribution will receive a 25% tax top up from the government. The government’s 25% tax relief is essentially paying back the income tax you’ve already paid on that contribution.  For example, if you pay £100, the government will add £25. Tax treatment does depend on your individual circumstances & may be subject to change in the future. 

To set up paying through business contributions, when you get to the final page of the set-up process, swipe the ‘business’ toggle. 

The page will then prompt you to enter your limited company bank details and setup a Direct Debit with your business. 

You can then adjust, pause and top up your pension through your limited company bank account via Direct Debit and bank transfer.

Penfold is regulated by the Financial Conduct Authority (FCA), number 826097.

This means that by law, we have to abide by all the rules set out by the FCA. These guidelines help keep your pension secure. You can read more about the FCA and its regulations here.

Penfold is also a part of the Financial Services Compensation Scheme (FCSC).

In the very unlikely event that something were to happen to Penfold or our partners (BlackRock and Lloyds bank), the value of your pension is protected up to a maximum of £85,000 per individual.

This is the killer question! If you sign up for Penfold, we’ll help you figure this out by applying some helpful rules of thumb and making some assumptions about what sort of life you want to live when you’re a bit older. Have a play with our calculator, here.

When you pay money into your pension, it is kept entirely separate from any of Penfold's own money. It is held in your name in a Lloyds Bank Account specifically for 'client money', which is controlled by a regulated third party custodian. From there, it is invested in fund managed by Blackrock, one of the worlds largest money managers.

You can read more about how Blackrock manages your money, by clicking the link below.

The Penfold Pension is operated and administered by Gaudi Regulated Services Limited, who are authorised and regulated by the Financial Conduct Authority. If something happened to Penfold, your pension would still exist, and Gaudi would get in touch to explain how you manage it in the future if somehow there was no Penfold online portal. You could move your money to a different pension provider for no charge. Penfold is also FSCS protected, so if something happened to Penfold, Gaudi and BlackRock, with a valid claim your money is covered by the government up to £85,000.

Our team is made up of experts in pensions, technology, security, operations and customer services. You can reach us any time on chat, by phone or on email.

We're online on our chat, or reach is via email at hello@getpenfold.com or by telephone at 0208 003 5908.

As a digital pension provider, we understand that many people want to know how their personal information is kept safe.

To safeguard your data, we use the latest security technology and maintain strict internal practices every step of the way.

We also comply with General Data Protection Regulation (GDPR) guidelines. We'll never share your information with anyone else without asking you first.