How our plan fees work
Our annual management fee is automatically taken from your pension pot in 12 monthly instalments. If your pension pot size is larger than £100,000, then the portion of your savings that are over this amount will be charged a reduced fee.
The fee is split between Penfold, our partners and your money manager for investing and administering your pension.
Our three excellent performing and carefully selected plans are managed by BlackRock and HSBC, and each have a different annual management fee.
Free to contribute, transfer & withdraw
We'll only charge you one fair, transparent annual fee for managing your pension that covers absolutely everything within Penfold’s pension service.
Setting up a Penfold pension is completely free. We don't have any added charges for transferring, investing, making extra payments or accessing your pension.