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
-
-
Hours
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Minutes
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Seconds
LoginGet started

The perfect pension for directors and limited companies

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
Download at the Google Play Store
Download at the Apple App Store
Penfold app showing pension dashboard and company director pension customer service reviews

As with all investments, your capital is at risk

The perfect pension
for directors
and limited
companies

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.

Download at the Google Play Store
Download at the Apple App Store

As with all investments,
your capital is at risk

Penfold app showing pension dashboard and company director pension customer service reviews
Penfold apps showing pension contribution and personal, sole trader and limited company payment account screens

Optimise your pension

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 up to 19% in tax: Business contributions are deductible from your corporation tax bill. £1000 into your pension will reduce your tax bill by £190.

Use your allowance: For most people, pension contributions are capped at £40k 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.

Director pension tax relief

Explore our pension portfolios

Lifetime

Our most popular plan. Automatically adjusts investments to maximise early growth before protecting your pot as you approach retirement.

Lifetime plan details

Standard

Complete control of your pension. Choose between four different risk levels - tailoring investments to fit your preferences and outlook.

Standard plan details

Sustainable

Make a positive impact on the world without sacrificing growth. Invests your money into companies with a high ESG rating.

Sustainable plan details

Sharia

Invest your money only into Sharia-compliant companies. All investments are approved by an independent Sharia committee.

Sharia plan details
Penfold apps showing pension transfer and find lost pension screens

Combine old pensions

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.

Pension transfer service
Penfold apps showing company director pension customer service chat screens

Friendly and expert support

Our UK-based expert team are on hand to answer your pension questions.

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.

Our awards

Penfold is an award winning pension, here are our most recent accolades.

Good Money Guide logo

Best Private Pension 2022. Good Money Guide Awards.

Trustpilot logo

Excellent Rating 2020-2022. Trustpilot Pension Category.

YourMoney.com logo

Best Pension Platform 2022. YourMoney.com Awards.

Securing your savings

Safe

We're authorised and regulated by the Financial Conduct Authority. Deposits are FSCS protected up to £85,000 per eligible person and claim.

Separate

Your money is held separately and invested by BlackRock and HSBC - two of the worlds largest money managers.

Secure

Cutting-edge encryption and data security technology keeps your private information private.

How to get started

1

Get a Penfold account by registering your details online or with our app.

2

Either, pay in some cash with a one-off or recurring payment. Pause or adjust at any time.

3

Or, transfer an existing pension. Enter the provider name, policy number, an approximate value and tap submit. We’ll do the rest!

4

All done! Easily check your savings progress, change investment plan and much more with our modern app or online dashboard.

Get started now
Penfold apps showing pension account setup and welcome screens.

Join thousands of happy pension savers

FAQs

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.

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