Give your old pensions a new home. Get up to £5,000 added to your pot.
Combine old pensions worth £15,000 or more with Penfold and get rewarded for bringing your retirement savings together.
Request your pension transfer by 18th November 2026. Terms apply
Before transferring, compare fees, check for any exit charges or valuable benefits you could lose, and make sure Penfold's investment options are right for you.
We may not 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.
Investing always involves some risk. The value of your investment can go down as well as up, and you could get back less than you invest.
See how much extra you could get
Got pensions from previous jobs? Enter their approximate values to see how much Penfold could add to your pot.
1. Open or log in to Penfold
Already have a Penfold pension? You’re ready to go.
If you’re new, you can open an account in minutes.
2. Combine your old pensions
Choose which pensions you’d like to bring together and request your transfers in the Penfold app by 18th November 2026.
3. Get your pension top-up
We’ll add the first 50% of your top-up to your pension after three months and the remaining amount after 12 months.
Old pensions? Let’s bring them together
Bringing your old pensions together can make saving for retirement a whole lot simpler.
- Everything in one place
See your pension savings together, without keeping track of different providers and accounts.
- Less paperwork, less hassle
Keep an eye on your pension from one easy-to-use app.
- A clearer picture of your future
See how your pension is doing and what your savings could mean for retirement.
- And with our pension top-up offer, there’s even more reason to get started.
A few things to know before you transfer
Bringing your pensions together can make life easier, but it’s important to check whether transferring is right for you. Here are a few things to consider:
- Some pensions come with valuable benefits or guarantees you could lose by transferring
- Your current provider might charge a fee to transfer your pension
- Your investments may be sold during the transfer, meaning your money could be out of the market for a short time
- The value of your pension can go down as well as up
- Your Top-Up counts as a pension contribution and could affect your tax allowances or protections
Defined benefit pensions and pensions with safeguarded or guaranteed benefits are not eligible for this offer.
If you’re unsure whether transferring is right for you, consider speaking to an independent financial adviser.