The flexible, tax efficient pension

We help company directors make the most of their money now, whilst saving for their future. 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.

Maximise your tax efficiency

Maximise your tax efficiency

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. 

Combine & enjoy up to £1,000

Sitting on old & lost pension pots? Transfer them over to Penfold and get up to £1,000 extra from us.

Unsure of the details? With our handy Find My Pension tool, you can easily unearth all your old pots without leaving the sofa. Find out more here, or see our T&Cs.

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.

Invest, track & save

Invest, track & save

Select your pension plan

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

Set up your contribution

Through Direct Debit or bank transfer, and as a monthly or one off payment.

Track your performance

Project and forecast your future with our calculator tools.

Withdraw online

Withdraw from 55. There's no restrictions with withdrawing a Penfold pension.


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Join thousands of company directors 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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