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The future's worth saving for

Welcome to a new kind of private pension. Set up in minutes, top up, pause and combine in a few quick taps. It's that simple.

Join our top performing funds and leave the future to us, so you can get back to living today.

As with all investments, your capital is at risk.

Get started now
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Join 60,000+ happy pension savers

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.

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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.

A photo of a man smiling with overlayed excerpts from the Penfold app showing 'Combine old pensions' and 'Transfer request completed'

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

Lifetime plan

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

Sustainable plan

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

Sharia plan

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

Standard plan

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

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.

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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!

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FAQs

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