Running your own business can be stressful. Our pension is quick to set up and simple to use, helping directors and people running limited companies make tax-efficient contributions in line with cash flow anytime, anywhere.
As with all investments, your capital is at risk
Running your own business can be stressful. Our pension is quick to set up and simple to use, helping directors and people running limited companies make tax-efficient contributions in line with cash flow anytime, anywhere.Get started now
Make tax-free contributions: Pension contributions from your limited company are classed as a business expense, so you won't pay any tax on these contributions.
Save between 19-25%: Business contributions are deductible from your corporation tax bill. If your business makes a profit below £50,000 you can save the small profits rate of 19%. Therefore £1,000 paid into your pension cuts your tax bill by £190.
Use your allowance: For most people, pension contributions are capped at £60k or their yearly salary, whichever is lower. As a limited company director, your business can contribute into your pension without the salary restriction.
Tax treatment depends on your individual circumstances and may be subject to change in the future.
Our most popular plan. Automatically adjusts investments to maximise early growth before protecting your pot as you approach retirement.Lifetime plan details
Complete control of your pension. Choose between four different risk levels - tailoring investments to fit your preferences and outlook.Standard plan details
Make a positive impact on the world without sacrificing growth. Invests your money into companies with a high ESG rating.Sustainable plan details
Invest your money only into Sharia-compliant companies. All investments are approved by an independent Sharia committee.Sharia plan details
Transferring pensions to Penfold is easy, free of charge, and our expert team will manage it on your behalf.
Got old pension pots? Transfer and combine in a couple of taps by entering the policy provider name and account number. Our team of pension transfer specialists will do the hard work for you.
Missing pension details? Use our Find My Pension service to find the provider and contact details, all we need is the name of your previous employer.
We've helped hundreds of company directors with their pension arrangements. Drop us a message on chat, email or call any time. No waiting lines or call centres.
We can even help you make pension withdrawals. Choose drawdown, an annuity or even take a lump sum in one go and enjoy a happy retirement.
Looking for more information about company director pensions? Read our dedicated director pension guide.
Penfold is an award winning pension, here are our most recent accolades.
Best Private Pension 2022. Good Money Guide Awards.
Excellent Rating 2020-2022. Trustpilot Pension Category.
Best Pension Platform 2022. YourMoney.com Awards.
We're authorised and regulated by the Financial Conduct Authority. Deposits are FSCS protected up to £85,000 per eligible person and claim.
Your money is held separately and invested by BlackRock and HSBC - two of the worlds largest money managers.
Cutting-edge encryption and data security technology keeps your private information private.
Get a Penfold account by registering your details online or with our app.
Either, pay in some cash with a one-off or recurring payment. Pause or adjust at any time.
Or, transfer an existing pension. Enter the provider name, policy number, an approximate value and tap submit. We’ll do the rest!
All done! Easily check your savings progress, change investment plan and much more with our modern app or online dashboard.
Really impressed and grateful for an easy solution for a director of a limited company to set up a pension plan.
As a small company director with fluctuating income, the ability to increase/decrease or suspend payments is really easy from the website or from the iPhone app.
Very personal customer service. Friendly and helpful! Easy to understand app. Deposit and go!
My question isn’t here. See all FAQs ».
It is important to compare providers’ fees and any guaranteed benefits when deciding on 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 pot has gone down, the amount returned to the provider may be less than what you originally transferred.
Please know that if your employer is paying into your pension currently, transferring that pot may mean you lose out on their contribution. For more information on the risks see here.