The private pension for the 21st century

Welcome to a new kind of private pension. Set it up in minutes, top up or pause payments, and combine old pensions with a few quick taps. It's that simple. Leave the future to us, so you can get back to living today.

Get started nowAs with all investments, your capital is at risk.
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Join thousands of happy pension savers

All your pensions in one place

Combining your pensions with Penfold is easy, free of charge, and our expert pension transfer team will take care of the process.

If you already have details of an old pension, you can start a Penfold pension with a transfer.

Alternatively, use our Find My Pension tool to track down the details of existing workplace pension pots. Simply enter the name of your old employer and we'll do the rest.

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Save your way

Life is full of twists and turns. Penfold's private pension adjusts to all of them.

Adjust, top-up, or pause your contributions any time – instantly online or with our app.

Private pension savers receive a 25% government tax bonus on pension contributions. We'll automatically claim this and add it to your account.*

*Subject to annual allowance. Tax treatment depends on individual circumstances and may change in the future.

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Reach your retirement goals

Not sure how much you’ll need when you stop working? Forecast your future income and get on track with your retirement goals in three simple steps:

  1. See your future income: Real time reporting on what your pension will be worth when you retire.
  2. Set goals: Use in-app tools to see how you can achieve the lifestyle and spending power you’d like
  3. Get on track: Use our calculator and set yearly targets to reach your retirement goal
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Top performing funds


Our Standard Lifetime default fund automatically adjusts investments to maximise early growth before protecting your pot as you approach retirement.

Lifetime plans


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

Sustainable plan


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

Sharia plan


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

Standard plan

Grow your wealth

Enjoy an automatic 25% tax relief top-up every time you contribute to your private pension with Penfold.*

If you’re self-employed or a director of a limited company you can make tax-efficient contributions through your business bank account.

Our plans aim to balance risk control with good returns, at a cost-effective price. We also give full visibility into your pension with a live view of how your pension is performing.

*Subject to annual allowance. Tax treatment depends on individual circumstances and may change in the future.

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Start your retirement the right way

Penfold makes withdrawing your pension simple. Access your money however you like – choose drawdown, an annuity or even taking a lump sum in one go.

Our service is completely flexible to your needs – tweak your monthly withdrawals as often as you like, for free. There are no minimum withdrawals or restrictions on how you spend your hard-earned savings.

Our expert team are on-hand to support and help you make the right decisions for retirement. We'll guide you through the entire process, step by step.

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Personal savers

Combine old pensions or start saving in a few quick taps with our easy to use app and website. Leave the future to us, so you can get back to living today.

Get started now

Self-employed savers

Built for anyone who works for themselves. Flexible contributions, automatic tax relief, a transfer service that does the paperwork for you and much more.

Self-employed pension

Directors and limited companies

Quick to set up and simple to use. Make tax-efficient contributions in line with company cash flow anytime, anywhere.

Director pension

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Private pension FAQs

It is important to compare providers’ fees & 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.

Get started in 5 minutes

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

2. Transfer an existing pension, or make a one-off or recurring payment (pause or adjust any time).

Done! Check savings progress, change investment plan and more with our app or online dashboard.

Get started now