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Award-winning private pension

Penfold's pension is Trustpilot's top rated retirement scheme and winner of 'Best Pension, Medium Portfolio' in the YourMoney.com 2022 Awards.

Get set up in under 5 minutes by transferring your old pensions into a single account or make new contributions in a couple of taps.

Get a £50 top-up on us by using code 'MOMS' when you open your pension.

Get started now
Download at the Google Play Store
Download at the Apple App Store
Penfold apps showing pension dashboard and contribution history screens

As with all investments, your capital is at risk

Award-winning
private pension

Penfold's pension is Trustpilot's top rated retirement scheme and winner of 'Best Pension, Medium Portfolio' in the YourMoney.com 2022 Awards.

Get set up in under 5 minutes by transferring your old pensions into a single account or make new contributions in a couple of taps.

Get a £50 top-up on us by using code 'MOMS' when you open your pension.

Download at the Google Play Store
Download at the Apple App Store

As with all investments,
your capital is at risk

Penfold apps showing pension dashboard and contribution history screens
Pension performance track record and screen showing Blackrock and HSBC fund management

Simplified savings

Traditional pension providers typically have accounts that are difficult to use. Even worse, your savings may have been put into poor performing investments by default.

Worked at more than one job? You probably have multiple old workplace pensions which makes it confusing to understand how much you have already saved, and need to save, for retirement. Then there's the stress of managing multiple accounts.

Combine old pensions or contribute with Penfold and you'll easily be able to see the value of your savings with our modern app and online account. We have four top-performing investment funds, and you can manage everything in a few taps.

Join thousands of happy pension savers

Penfold apps showing pension transfer and find lost pension screens

Transfer and combine

Combining private pensions into a single Penfold account is free and our specialist team will manage it for you.

If you already have your old pension details we can start the process immediately, otherwise our Find My Pension tool can help you track down any missing information.

Once you've requested a pension transfer, we'll contact your previous providers and begin the process of combining the accounts into your Penfold pension. You'll be able to stay up to date with progress on your Penfold dashboard.

Top performing funds

Lifetime

Our most popular plan. Automatically adjusts investments to maximise early growth before protecting your pot as you approach retirement.

Standard

Complete control of your pension. Choose between four different risk levels - tailoring investments to fit your preferences and outlook.

Sustainable

Make a positive impact on the world without sacrificing growth. Invests your money into companies with a high ESG rating.

Sharia

Invest your money only into Sharia-compliant companies. All investments are approved by an independent Sharia committee.

Penfold apps showing pension contribution and savings history screens

Flexible contributions

If you would like to make new contributions, our private pension can accommodate the twists and turns of modern life. Adjust, top-up, or pause payments at any time, online or with our app.

The government gives a 25% tax relief top-up on new pension contributions. We organise this for you, automatically adding it to your Penfold pension. Subject to annual allowance. Tax treatment depends on individual circumstances and may change in the future.

If you’re unsure about how much to contribute, our pension calculator will do the hard work for you - helping you decide how much to save to get the retirement you want.

Penfold apps showing customer service chat and pension FAQs screens

Your new pension

After your account is set up you'll get complete access to our modern app and online dashboard.

Find out how your pension is performing in real time, see details of our other investment funds and switch easily, make new contributions using bank transfer or direct debit and much more!

If you have any questions our friendly team of pension experts will be happy to help. Simply message us on our in-app chat, email or call - we promise no jargon!

How to get started

1

Get a Penfold account by registering your details online or with our app.

2

Decide which investment plan is right for you. (Change plans whenever you like).

3

Either, transfer an existing pension. Enter the provider name, policy number, an approximate value and tap submit. We’ll do the rest!

4

Or, pay in some cash with a one-off or recurring payment. Pause or adjust at any time.

5

All done! Easily check your savings progress with our modern app or online dashboard.

Get started now
Penfold apps showing pension account setup and welcome screens.

FAQs

Haven't answered your question? See all FAQs.

It's important to compare providers’ fees and any guaranteed benefits when deciding 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 account has gone down, the amount returned to the provider may be less than your original transfer. If your employer is currently paying into your pension, transferring that account may mean you lose out on their contribution. For more information on the risks see here.

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