The pension for
limited company directors

Penfold provides an online FSCS protected pension that's simple to use & completely flexible. Save up to 32.8% off your tax bill with a Penfold pension (individual circumstances may vary). FCA number 826097.

Get started
Penfold application on yearly goal screenPenfold application on saving screen
FSCS logo

As with all investments,
your capital is at risk.

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Maximise your tax efficiency

With a Penfold pension, you can offset your contributions against your tax bill to save up to 19% in corporation tax. And, you don’t pay National Insurance on pension contributions.

By setting up with Penfold, your business could make tax savings of up to 32.8%! Pension tax rules apply, are subject to individual circumstance and may change in the future.

Set up your pension in minutes

Running a business leaves you short on time. So we built a pension that you can set up in under 5 minutes.

Simple to navigate and completely flexible — Penfold is designed to fit around your finances. Top up, change, or pause your payments at any time — instantly and online.

Once you’re set up you can review your progress, see projections of your total pot, manage your consolidated pensions and more, all on the move via the Penfold app.

Choose how much to save

Pick a growth profile

Manage your pension pot

Combine your pensions

Tracking and consolidating your old pension pots with Penfold is easy, free of charge, and our friendly customer service will manage it on your behalf. Learn more about our transfer service here.

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.

Join thousands of self-employed
already saving with Penfold


The simplest possible way to get a pension set up if you're self employed. Setup took less than 5 minutes, and it just works - my money goes in, government money goes in, I can see everything at a glance - I genuinely can't see how it could be better.


Just brilliant! So easy to use. Customer Service second to none! Responses. Yes! Responses to your enquiries, quickly and in a language we all understand - common sense.

Why oh why!? can't so many other companies be like this. Thrilled and delighted and in control. It's great.


It was so simple to set up and the team were able to transfer in my existing pension pots for me without hassle. Everything is clear and easy to understand, which is a relief when traditional pensions can be confusing.

Friendly, helpful & expert support

Pensions can be a headache. Our friendly team of experts will answer any question you have, and we promise no jargon.

No waiting lines, no call centres. Just drop us a message on chat, email us or give us a call any time.

Start your Penfold pension in under 5 minutes. Here's how:


Download the Penfold app or register online.


Decide how much you want to save and which plan is right for you. We’ll help!


Transfer any old pension pots into one simple and consolidated plan with Penfold.


You’re all set up! Top up your pension by Direct Debit or bank transfer. Review progress on your Penfold dashboard. Withdraw from age 55.

We keep your money safe


Your money is held by a third party custodian with Lloyds bank. If the event that Penfold became insolvent, your assets would be kept separate and transferred to another provider. Your investments are managed by BlackRock, the largest money manager in the world, and HSBC.


Your data is secure and protected by the most up-to-date technology and processes. We strictly follow GDPR guidelines.


Your pension holdings are protected by the Financial Services Compensation Scheme. In the event Blackrock, HSBC or Lloyds bank became insolvent, your pension is protected up to £85,000 per individual with an eligible claim.

Designed to
work for you

Designed to
work for you

Professionally managed

Penfold pensions are managed by BlackRock and HSBC. Just pick one of six carefully created, low cost investment plans, and let your money work for you.

Built for directors

Penfold is the first UK pension designed for limited company directors.

Tools to help you decide what to save

Our calculator does the hard work for you, helping you choose how much to save based on how much you earn.

Learn more.


My question isn’t here. See all 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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