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Pension fees

Pension plan fees

Our Lifetime, Standard and Sustainable funds charge 0.75% for savings up to £100k and 0.4% on any amount over £100k

Our Sharia fund charges 0.88% for savings up to £100k and 0.53% on any amount over £100k

Our pension plans
Pension fund plan options shown in the Penfold app

How our 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. There are different annual management fees depending on the fund and total savings amount.

Penfold pension plan performance track record and fund detail app screens

Free to transfer, contribute, withdraw

We only charge one fair, transparent annual fee for managing your pension which covers absolutely everything within Penfold’s pension service.

Setting up a Penfold pension is completely free. We don't have any added charges for pension transfers, pension contributions, investing or withdrawing from your pension.

Penfold apps showing pension contribution and pension transfer screens

Fee FAQs

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