Join our panel: How to improve employee financial wellbeing

Come along to our unmissable panel: How to improve employee financial wellbeing

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Join our panel: How to improve employee financial wellbeing

Come along to our unmissable panel: How to improve employee financial wellbeing

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Days
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Hours
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Seconds
LoginGet started

Pension fees

We hate hidden fees. We'll only charge you one fair, transparent annual fee for managing your pension that covers absolutely everything within our service. 

Pension fund plan options shown in the Penfold app

How our fees work

Our annual management fee is automatically taken from your pension pot in 12 monthly instalments.

We calculate the fee every day based on the average value of your pension pot, add it together at the end of the month, and charge it around the 12th of the following month.

The fee is split between Penfold, our partners and the money manager, BlackRock or HSBC, for investing and administering your pension.

Pension plan fees

Our plans offer a simple fee structure based on how much you have saved.

Lifetime

0.75% for savings up to £100k
0.4% on any amount over £100k

Lifetime plan details

Standard

0.75% for savings up to £100k
0.4% on any amount over £100k

Standard plan details

Sustainable

0.75% for savings up to £100k
0.4% on any amount over £100k

Sustainable plan details

Sharia

0.88% for savings up to £100k
0.53% on any amount over £100k

Sharia plan details
Penfold apps showing pension contribution and pension transfer screens

Everything's included

Our annual fee covers absolutely everything within Penfold’s pension service:

  • Setting up your pension
  • Transferring pensions into, or out of, Penfold
  • Making any type of contribution
  • Moving money between our investment plans
  • Withdrawing after you reach retirement age

Our official Charges Guide summarises this - you won’t find any other hidden fees buried elsewhere.

Fee FAQs

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