Making pension drawdown simple so it’s easy to start retirement the right way.
Access your savings with a few taps online or via our in-app chat.
We'll process the withdrawal for you and everything you need is available online or through the app. No paperwork required.
Withdrawing with Penfold is free - there are no hidden charges for transferring or accessing your money.
Access your money however you like with Penfold.
Choose drawdown, an annuity or even taking a lump sum in one go.
Our service is completely flexible to your needs. Tweak your monthly withdrawals as often as you like, for free.
There are no minimum withdrawals or restrictions on how you spend your hard-earned savings.
Accessing your pension shouldn’t fall solely on your shoulders.
Our expert support team are on-hand to help you make the right decisions for retirement. We'll guide you through the entire process, step by step.
Hand-picked, diversified pension plans backed by BlackRock and HSBC funds that help grow wealth.
We hate hidden charges. That’s why we have one fee that covers absolutely everything within our service.
Combine pensions into one account to see total pension savings and get a clear view of projected retirement lifestyle.
Have peace of mind that pension savings managed by Penfold will be looked after, no matter what the future holds.
25% of a pension can be withdrawn completely tax-free, any further withdrawals will be taxed as income and charged at the individual’s marginal tax rate.
Find out more about pension withdrawal tax
For most people, when they can access their pension depends on the type of pension and their age. For most, the retirement age for private pensions is 55, rising to 57 in 2028. This includes defined contribution workplace pensions.
Find out more about when pension withdrawals can start
Give your team a top pension and boost their financial wellbeing
Boost your benefits package to keep and tempt the best talent
Get industry-beating account management at no extra charge