Reduce Employer NICs: Salary Sacrifice Pensions

PenfoldWorkplace Auto-Enrolment & Private Pension Provider

Effortless Workplace Pensions for Modern UK Businesses

A workplace pension that’s no-fee for businesses, fully compliant, and easy to manage – support employees to save enough for a comfortable later life.

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A laptop screen displays the Penfold app’s employee management page for “Greedy Pig Inc.,” listing employees with details like status and enrollment dates. A smartphone nearby shows the Penfold app’s dashboard with a pension pot total of £12,994.54. To the right, three colleagues—two women and a man—smile and collaborate around a table in a casual office setting. The scene highlights teamwork and digital pension management tools.

Trusted by thousands of UK businesses

From small startups to established enterprises, businesses rely on Penfold to simplify pensions and support their teams.

Why Choose Penfold for Your Workplace Pension?

We’ve built a modern solution for workplace pensions, designed with both businesses and employees in mind:

  • Zero Fees: We don’t charge employers or advisers – there are no setup or ongoing fees.
  • Effortless Setup: Get started in minutes with guided onboarding.
  • Full Compliance: Automatic fufilment of your auto enrolment duties.
  • Exceptional Support: A team of pension experts to help you – no matter how complex your query.

Get Started Free or Request More Details

A woman in a brown blazer and white turtleneck works on a laptop in a warmly lit office. Overlaying graphics on the right display Slack-style messaging elements. “Team Penfold” includes channels like #saving-guides, #app-features, #pension-questions, and #community, with user icons for Maria, Steven, and Isabelle. Another box below shows a profile labeled “Ellie” with her photo and text lines

Recruit and Retain Top Talent

Did you know 90% of UK workers say their company pension influences whether they stay or leave their current job?

  • Stand out as an employer of choice: Offer a pension that’s simple to use and tailored for modern employees. With Penfold, teams gain full visibility of their savings and flexible investment options – all from an app they’ll actually enjoy using.
  • Boost employee financial well-being: Show your team you care about their future. Penfold’s platform empowers employees to make informed financial decisions, creating peace of mind and increasing loyalty.

Get Started Free or Request More Details

A woman with curly red hair, wearing glasses, a white shirt, and a light green cardigan, looks down at her phone. Next to her is a mobile app interface for Penfold, showing a recent pension contribution of £400 from “Acme Inc.” The total pension pot value is displayed as £12,994.54, with options to transfer or add money. Below, recent pension transfer statuses are shown, along with a “Your forecast” section about retirement projections.
Trusted, High-Performing & Cost-Saving

Why Penfold Stands Out Among Workplace Pension Providers

Trusted By Thousands

With a 5-star Defaqto rating, a 4.4 Trustpilot score, and a top-rated app, Penfold is the pension provider you can rely on.

Exceptional Fund Returns

Our default Standard Lifetime plan, managed by BlackRock, consistently outperforms other auto enrolment providers.

Cut National Insurance

Save your business and employees £1000s in NI through our free salary sacrifice setup – without sacrificing pension contributions.

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Empower Employees with a Modern Pension Experience

Penfold’s app makes it easy for employees to take control of their financial future:

  • Instant access & easy tracking: Employees can check their pension balance, view contributions, and track their savings in real-time.
  • Goal setting & progress updates: Our app helps employees set retirement goals and track their progress, motivating them to stay engaged with their savings and work towards a secure future.
  • Investment Options: From sustainable to ethical investment funds, we offer options that suit diverse values and financial goals. Employees can change their strategy whenever they want.
A set of four smartphones display different screens of the Penfold pension app on a pastel purple background. Screens include a performance graph of a “Level 4 Plan,” a total pension pot value of £12,994.54, transfer options, and recent pension transfer activities. Another screen encourages users to combine their pensions, with a button labeled “Combine pension.” The design emphasizes easy navigation, retirement planning, and tracking contributions.

Getting Started is Quick and Easy

Penfold’s setup is designed to be seamless, saving you time, making workplace pensions hassle-free:

  • Create your account in minutes: Sign up online with just a few details. Our guided onboarding will walk you through the initial setup, making it simple to get started.
  • Invite your team to join: Send invites to employees in a few clicks. They can easily sign up, choose their investment options, and start planning for their future.
  • Ongoing support & management: We’re here whenever you need help, ensuring your workplace pension runs smoothly without taking up your time.

Get Started Free or Request More Details

A person types on a laptop displaying a Penfold app screen labeled “Companies House details.” It shows information for a company called “Greedy Pig Inc” with an option to “Confirm company details.” Overlaid boxes include a “Complete set up” progress bar showing “3 / 2 completed” with green checkmarks and a five-star review titled “Always available,” praising Penfold’s customer support in setting up a workplace pension. A blue button labeled “Add employer” appears in the top left.

Hear from some of our clients

Everyone needs an auto-enrolment pension scheme, so why not use the best one?

Penfold really stands out with the customer service it offers. They’re so much more flexible and on top of things than any other pension provider I’ve spoken to.

Investment performance is most important, and Penfold’s historical performance is excellent.

Chris Binns

Chartered Financial Planner at MoneyWeb

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    Penfold’s team of dedicated experts are super responsive and will help me with any kind of questions or queries that I might have.

    There’s no longer this restriction where I’m working as a kind of middleman. In fact, people can just go straight to the source and get whatever information they need.

    Penfold was absolutely amazing in terms of the education, the training, and all the administrative backlog that goes on with moving over pension providers. It ran so smoothly.

    Aileen Walsh

    People Operations & Data Lead at Paddle

      Penfold is dramatically better than anything we’ve worked with before and has helped me by removing all of the admin that comes with pensions. ‘Saving time’ is one of the key benefits that encourages me to recommend it to others.

      Penfold’s been a huge success at Cuvva, with 88% of the company logging into the app to view their pensions.

      It’s one of the tools I just could not live without.

      Alex Perkins

      Senior People Operations Partner at Cuvva

        Get Started with a Better Workplace Pension

        Join thousands of businesses using Penfold’s workplace pension:

        Get Started Free or Request More Details