Pension boosters that'll future-proof your future fun
Hello! We're Penfold - your new workplace pension. Just not as boring as the ones you've had before - we promise.
Here are some simple tips to help you understand your pension and supercharge it without having to add any extra money.
Find and combine old pensions
Get full visibility over all your pensions by combining them into Penfold.
Switching jobs often means leaving old pensions behind.
Our Find my Pension tool can track down old workplace pensions if you've lost the details.
Enter some basic information about your pensions and combine them together in just a few taps.
Sit back and relax whilst our experts handle the transfer work for you, and keep you updated along the way.
See what your pension could grow to
Get a proper picture of what your pension could afford you in the future
Our Forecast tool calculates what your pension value today could be worth as an income at retirement.
Use the lifestyle categories to see what standard of living your pension might be able to afford you.
Thanks to compound returns, see in real-time the impact that adding money today can have on your overall future with your Forecast tool.
Check out your investment options
Switch and track your investments - all from your phone.
Grow your wealth stress-free with our range of hand-picked, diversified pension plans to suit you at every stage of life.
Dig into the performance, companies and countries behind each of our investment funds, and switch to a fund that's right for you.
Even track how your pension has performed to date in-app.
Reduce your tax
Increase your take-home pay by taking advantage of salary sacrifice.
Salary sacrifice means you 'swap' a small amount of your salary to go directly into your workplace pension.
This means you're slightly reducing your monthly take-home pay right now, which means you owe less tax.
Salary sacrifice means you pay less national insurance tax and get more money added to your pension, meaning you keep more of what you earn overall.
*Based on 30 years growth. This includes tax relief and annual growth of 7% from investments, less fees. These figures are not adjusted for inflation.
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.
