Penfold's Fees

Contribute, transfer & withdraw for free

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.




How it works

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.

One annual management fee, per pension plan



0.75% up to £100k, 0.45% beyond

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0.75% up to £100k, 0.45% beyond

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0.88% up to £100k, 0.53% beyond

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Fee FAQs

Get in touch

The Penfold team sitting amongst lots of plants

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.

0208 003 5908

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