Simple to use &
completely flexible.

Features that put you in control

Completely flexible

Being self-employed means you need maximum flexibility when it comes to your finances.

Save whatever and whenever you like into your Penfold pension. In regular instalments, or as lump sums. Pause or change anytime, instantly, online.

25% savings bonus

The government gives you a tax bonus whenever you save into your pension.

For most this means a 25% bonus to every contribution you make. Penfold automatically claims this for you and adds it directly to your account. Or, pay from your limited company account and save on corporation tax instead.

Tax treatment does depend on your individual circumstances & may be subject to change in the future.

Combine old pensions

Penfold makes it easy to bring any old pensions together in one place. Absolutely free.

We just need some basic information and our friendly customer service team takes it from there — one less thing on your plate!

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. If you decide to cancel your transfer to Penfold after it's completed and the value of your pot has gone down, the amount returned to the provider may be less than what you originally transferred. For more information on the risks see here.

Built to support your goals.

Professionally managed

Pension savings are invested to give them a boost over the long term.

We have partnered with BlackRock, the largest money manager in the world, to manage your investments for you.

Just pick one of four carefully created, low cost investment plans, and let your money work for you.

Learn more about our investment plans.

Build for the self-employed

When you’re self-employed there’s no HR team to sort your pension for you.

Penfold is the first UK pension designed for the self-employed. Freelancer, sole trader, ltd company director – anything that means you’re your own boss.

Penfold is a big, community effort. We talk to dozens of self-employed people every week to understand their unique requirements, so we can keep making Penfold better.

Tools to help you decide what to save

Deciding how much to save can be really tricky, particularly if you’re self-employed and your income isn’t fixed.

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

Learn more with our Calculator.

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