As a small company director with fluctuating income the the ability to increase/decrease or suspend payments is really easy from the website or from the app.
Trevor
Penfold customer
Director Pension
Build your pension through your limited company
If you run your own limited company, your business can contribute directly to your pension – helping you build your retirement savings while potentially reducing your company’s Corporation Tax bill.
With Penfold, you can make company and personal contributions, bring old pensions together and manage everything from one simple app.
Your pension pot value can go up or down, but staying invested can help it grow
Excellent 4.6
Make more of your pension through your business
Running your own company gives you another way to build your retirement savings.
Contribute through your company
Make employer pension contributions directly from your limited company into your Penfold pension.
Reduce Corporation Tax
Company pension contributions can generally be treated as an allowable business expense where HMRC rules are met, potentially reducing your company’s taxable profits.
Pay in personally too
Build your pension using company contributions, personal contributions or a combination of both.
Keep everything together
Transfer eligible old pensions to Penfold and manage your retirement savings in one place.
Put your company profits to work for your future
As a limited company director, your business can make employer contributions directly into your pension.
Unlike personal pension contributions, company contributions are made directly from your business and don’t usually require you to take the money as personal income first.
With Penfold, you can make company contributions whenever it works for your business – whether that’s regularly throughout the year or as individual contributions when you choose.
Make your pension contributions tax-efficient
Eligible pension contributions made by your limited company can generally be treated as a business expense, potentially reducing the profits your company pays Corporation Tax on.
For example, a £10,000 eligible company pension contribution could reduce taxable company profits by £10,000. The Corporation Tax saving depends on your company’s circumstances and the rate it pays.
The full £10,000 contribution instead goes into your pension.
Tax treatment depends on your and your company’s individual circumstances and may change. Company pension contributions must meet HMRC requirements to receive Corporation Tax relief.
Contribute in the way that works for you
Running a company doesn’t mean you have to choose one way to fund your pension. With Penfold, you can make contributions from your limited company, make personal contributions yourself, or use a combination of the two.
That gives you flexibility to build your pension around both your personal finances and your business.
- Company contributions
Your limited company pays directly into your pension. Eligible contributions may be deductible when calculating taxable company profits.
- Personal contributions
Pay into your pension personally and Penfold will automatically claim eligible basic-rate tax relief from HMRC.
- Or both
Use a combination as your circumstances change.
Bring your old pensions together
Running your own company today doesn’t mean you’ve always worked for yourself.
If you’ve built up pensions from previous jobs, you can request to transfer eligible pensions to Penfold and manage them alongside the pension you’re building through your company.
We’ll help you find old pensions, contact providers and manage the transfer process. That means fewer pensions to keep track of and a clearer picture of what you’ve built for retirement.
It’s important to compare providers’ fees and any guaranteed benefits when deciding on whether to transfer, and be sure that the investments available are suitable for you. If your employer is paying into your pension currently, transferring that pot may mean you lose out on their contribution.
Know where you stand
See more than just your pension balance.
Penfold helps you understand what you’re building towards and what your current savings could mean for retirement.
See how much you’ve saved, keep track of contributions from you and your company, explore your projected retirement income and understand how changing your contributions could affect your future.
Invest your pension your way
Your Penfold pension is a Self-Invested Personal Pension (SIPP) with a choice of professionally managed investment options.
- Penfold Lifetime
Our default investment approach is designed to adapt as you move towards retirement – focusing on long-term growth when retirement is further away before gradually reducing investment risk as it gets closer.
- More ways to invest
Want more choice? Explore our wider fund selection, including options designed around different attitudes to risk, sustainability and Sharia investing.
Pension guidance and support
Running your company is complicated enough. Your pension doesn’t need to be.
Penfold gives you tools, information and personalised guidance to help you understand your pension and make informed decisions about retirement.
Explore whether you’re on track, understand what different contribution levels could mean for your future and get support when you need it.
Our Customer Support team is also here to help with questions about your Penfold pension, company contributions and transfers.
Your pension, in your pocket
Keep your retirement savings within easy reach. With the Penfold app you can:
- See your pension balance
- Track company and personal contributions
- Make contributions
- See how your pension is invested
- Track pension transfers
- Explore your retirement forecast
- Get support when you need it
Want to involve your accountant?
Your accountant can help you understand how pension contributions fit into your company’s finances and tax position.
And if you’d like to use Penfold, they can work with us too. We work with hundreds of accountants across the UK to help their director clients set up and contribute to pensions with Penfold.
Already arrange your pension through your accountant? Share Penfold with them and they can find out how we work with accountants and their director clients.
What company directors say about Penfold
Really impressed and grateful for an easy solution for a director of a limited company to set up a pension plan.
TereseaPenfold customerOpened a company director pension just over a year ago. Very straightforward to use and top up and great performance so far.
WeberPenfold customerExcellent digital pension app, easy to use and simple to track pension pots. Have used for director pensions so really versatile for personal and business use!
HannahPenfold customerReally straight forward, and easy to set up. Perfect for a small Ltd. company like myself.
SamPenfold customerBeing self-employed as an IT contractor, it's so easy to forget about my pension all together because it often just feels like so much hard work to get it setup and make payments. Penfold make it super simple and easy.
MattPenfold customerSo glad I found Penfold. They have consolidated my previous pensions and got me on track to save for my future. Lovely customer service and great piece of mind for a freelancer! Highly recommend.
ZoëPenfold customerVery simple app allows me to manage how much I add to my pension month by month which as a freelancer is invaluable.
JonathanPenfold customerAs a small company director with fluctuating income the the ability to increase/decrease or suspend payments is really easy from the website or from the app.
TrevorPenfold customerReally impressed and grateful for an easy solution for a director of a limited company to set up a pension plan.
TereseaPenfold customerOpened a company director pension just over a year ago. Very straightforward to use and top up and great performance so far.
WeberPenfold customerExcellent digital pension app, easy to use and simple to track pension pots. Have used for director pensions so really versatile for personal and business use!
HannahPenfold customerReally straight forward, and easy to set up. Perfect for a small Ltd. company like myself.
SamPenfold customerBeing self-employed as an IT contractor, it's so easy to forget about my pension all together because it often just feels like so much hard work to get it setup and make payments. Penfold make it super simple and easy.
MattPenfold customerSo glad I found Penfold. They have consolidated my previous pensions and got me on track to save for my future. Lovely customer service and great piece of mind for a freelancer! Highly recommend.
ZoëPenfold customerVery simple app allows me to manage how much I add to my pension month by month which as a freelancer is invaluable.
JonathanPenfold customer
Why company directors choose Penfold
- Company contributions
Pay directly into your pension from your limited company.
- Tax-efficiently
Eligible company contributions can reduce taxable company profits.
- Personal contributions too
Contribute personally, through your company or use both.
- Bring pensions together
Consolidate eligible old pensions into one place.
- Investment choice
Use Penfold Lifetime or choose from our wider investment range.
- Plan for retirement
See what you’re building towards and how changes could affect your future.
