Simplified savings
Frustrated with your current pension providers' old-fashioned accounts?
Worked at more than one job? You probably have multiple old workplace pensions which makes it confusing to understand how much you have already saved, and need to save, for retirement. Then there's the stress of managing multiple accounts.
Combine old pensions or contribute with Penfold and you'll easily be able to see the value of your savings with our modern app and online account. We have four top-performing investment funds, and you can manage everything in a few taps.
Transfer and combine
Combining private pensions into a single Penfold account is free and easy.
If you already have your old pension details we can start the process immediately, otherwise our Find My Pension tool can help you track down any missing information.
Once you've requested a pension transfer, we'll contact your previous providers and begin the process of combining the accounts into your Penfold pension. You'll be able to stay up to date with progress on your Penfold dashboard.
It’s 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. If your employer is paying into your pension currently, transferring that pot may mean you lose out on their contribution.
Hand-picked fund selection
With investments, your capital is at risk. The value of your investment can go down as well as up, and you may get back less than you invest. This information should not be regarded as financial advice and past performance is not a reliable indicator of future performance.
Flexible contributions
Make new contributions whenever you like, there's no minimum amount.
Adjust, top-up, or pause payments any time. If you’re unsure how much to contribute, our pension calculator will help you decide how much to save to get the retirement you want.
Get a 25% government tax relief top-up on contributions. We organise this for you, automatically adding it to your pension.
Subject to annual allowance. Tax treatment depends on individual circumstances and may change in the future.
Your new pension
Once set up you'll get access to our modern online account and app.
Find out how your pension is performing in real time
See details of our other investment plans and switch easily
Easily withdraw via drawdown, an annuity or even taking a lump sum
If you have any questions our friendly team of pension experts will be happy to help. Simply message us on our in-app chat, email or call - we promise no jargon!
