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How it works

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Set up online, in minutes

Once you've entered your details, select a pension plan that suits your age and investment preferences. It's free to change your plan at anytime.

Next, enter some payment details. If you're unsure on how much to save, our calculator can do the maths for you.

Then you're all set!

Get started
phone showing penfold app standard pension plan
phone showing penfold payment screen
phone showing penfold app dashboard

Pick a pension plan

Choose how to save

Manage at your fingertips

Track & transfer your old pensions

If you have other pension pots, we can bring them together in one place for you.

We make finding & transferring your old pension pots as easy as ever. Simply request the transfer from your dashboard, and our team of experts will sort the rest for you. We'll keep you updated every step of the way. Learn more about our transfer service here.

phone showing penfold
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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.

Receive tax relief or reduce your tax bill

two phones showing penfold app account type and payment screen

Receive tax relief or reduce your tax bill

25% tax relief bonus

The government adds a 25% tax bonus to personal contributions into a pension. We'll automatically claim this for you!

Make tax-free contributions

Pension contributions are a business expense, so you won't pay tax on the contributions.

Save up to 19% in tax

Director pension contributions are deductible from your corporation tax bill. £1000 into your pension will reduce your tax bill by £190.

Learn more about contributing into a pension. Tax treatment does depend on your individual circumstances & may be subject to change in the future.

Withdraw online, with ease

Once you reach 55 (or 57 from 2028 onwards) you can withdraw your Penfold pension. There's no restrictions with how you take your Penfold pension, you can go into drawdown, take a lump sum or as purchase an annuity.

The withdrawal process is entirely digital, so there's no hassle with forms on your behalf.

phone showing penfold pension fund performance

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