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PenfoldWorkplace Auto-Enrolment & Private Pension Provider

The Salary Sacrifice Pension Scheme for Modern Businesses

Save thousands of pounds by lowering National Insurance costs, boost employees pensions, and get free salary sacrifice consultation and implementation – all with Penfold’s workplace pension.

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A laptop screen displays the Penfold app’s employee management page for “Greedy Pig Inc.,” listing employees with details like status and enrollment dates. A smartphone nearby shows the Penfold app’s dashboard with a pension pot total of £12,994.54. To the right, three colleagues—two women and a man—smile and collaborate around a table in a casual office setting. The scene highlights teamwork and digital pension management tools.

Trusted by thousands of UK businesses

From small startups to established enterprises, businesses rely on Penfold to simplify pensions and support their teams.

Why Choose Penfold for Salary Sacrifice?

Penfold’s salary sacrifice solution provides a win-win for businesses and employees. Cut down on National Insurance costs, support employee financial well-being, and reduce the complexities of setup and compliance with our easy-to-use platform.

  • Boost Employee Pension Savings: Employees can add more to their pension pots without reducing their take-home pay.
  • Reduce Business Costs: Lower employer National Insurance with tax-efficient salary sacrifice pension contributions.
  • End-to-End Expert Support: From consultation to implementation and beyond, our team simplifies every step.

Get Started Free or Request More Details

A woman in a brown blazer and white turtleneck works on a laptop in a warmly lit office. Overlaying graphics on the right display Slack-style messaging elements. “Team Penfold” includes channels like #saving-guides, #app-features, #pension-questions, and #community, with user icons for Maria, Steven, and Isabelle. Another box below shows a profile labeled “Ellie” with her photo and text lines

Why Choose Penfold for Your Auto Enrolment Pension?

We’ve built a modern solution for auto enrolment pensions, designed with both businesses and employees in mind:

  • Zero Fees: We don’t charge employers or advisers – there are no setup or ongoing fees.
  • Effortless Setup: Get started in minutes with guided onboarding.
  • Full Compliance: Automatic fufilment of your auto enrolment duties.
  • Exceptional Support: A team of pension experts to help you – no matter how complex your query.

Get Started Free or Request More Details

A woman in a brown blazer and white turtleneck works on a laptop in a warmly lit office. Overlaying graphics on the right display Slack-style messaging elements. “Team Penfold” includes channels like #saving-guides, #app-features, #pension-questions, and #community, with user icons for Maria, Steven, and Isabelle. Another box below shows a profile labeled “Ellie” with her photo and text lines

See the Savings in Action

Employer Example

With Penfold’s salary sacrifice solution, a business with 50 employees can save £17,250 in National Insurance costs within the first year alone - based on an average salary of £50,000.

Accountant Example

Based on the example above a practice could save 5 clients a total of £86,250 in National Insurance every year with Penfold’s salary sacrifice solution.

A woman with curly red hair, wearing glasses, a white shirt, and a light green cardigan, looks down at her phone. Next to her is a mobile app interface for Penfold, showing a recent pension contribution of £400 from “Acme Inc.” The total pension pot value is displayed as £12,994.54, with options to transfer or add money. Below, recent pension transfer statuses are shown, along with a “Your forecast” section about retirement projections.
Trusted, High-Performing & Cost-Saving

Why Penfold Stands Out Among Auto Enrolment Pension Providers

Trusted By Thousands

With a 5-star Defaqto rating, a 4.6 Trustpilot score, and a top-rated app, Penfold is the pension provider you can rely on.

Exceptional Fund Returns

Our default Standard Lifetime plan, managed by BlackRock, consistently outperforms other auto enrolment providers.

Cut National Insurance

Save your business and employees £1000s in NI through our free salary sacrifice setup – without sacrificing pension contributions.

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Empower Employees with a Modern Pension Experience

Penfold’s app makes it easy for employees to take control of their financial future:

  • Instant access & easy tracking: Employees can check their pension balance, view contributions, and track their savings in real-time.
  • Goal setting & progress updates: Our app helps employees set retirement goals and track their progress, motivating them to stay engaged with their savings and work towards a secure future.
  • Investment Options: From sustainable to ethical investment funds, we offer options that suit diverse values and financial goals. Employees can change their strategy whenever they want.
A set of four smartphones display different screens of the Penfold pension app on a pastel purple background. Screens include a performance graph of a “Level 4 Plan,” a total pension pot value of £12,994.54, transfer options, and recent pension transfer activities. Another screen encourages users to combine their pensions, with a button labeled “Combine pension.” The design emphasizes easy navigation, retirement planning, and tracking contributions.

Getting Started is Quick and Easy

Penfold’s setup is designed to be seamless, saving you time, making auto enrolment pensions hassle-free:

  • Create your account in minutes: Sign up online with just a few details. Our guided onboarding will walk you through the initial setup, making it simple to get started.
  • Invite your team to join: Send invites to employees in a few clicks. They can easily sign up, choose their investment options, and start planning for their future.
  • Ongoing support & management: We’re here whenever you need help, ensuring your workplace pension runs smoothly without taking up your time.

Get Started Free or Request More Details

A person types on a laptop displaying a Penfold app screen labeled “Companies House details.” It shows information for a company called “Greedy Pig Inc” with an option to “Confirm company details.” Overlaid boxes include a “Complete set up” progress bar showing “3 / 2 completed” with green checkmarks and a five-star review titled “Always available,” praising Penfold’s customer support in setting up a workplace pension. A blue button labeled “Add employer” appears in the top left.

Hear from some of our clients

Salary Sacrifice enabled our team to save more of what they earn. This has been extremely important recently with the ever increasing cost of living.

The business being able to benefit from employer savings is also a win. Savings can be used elsewhere or passed back to the team to further enhance staff benefits,

The transition process is very straightforward and the team at Penfold do a super job at explaining each step.

Michelle Kangellaris

Director of People & Culture at Glint

    A close up photo of a pair of hands holding a phone

    Before Penfold, our pension scheme just wasn’t fit for purpose.

    We weren’t able to offer salary sacrifice and all employees who were earning above the basic tax rate had to claim back directly from HMRC

    The support offered by Penfold on the implementation and day-to-day support has been superb, and reduced the amount of work that the finance team had to do previously.

    Mobeen Rasheed

    Head of Finance at Attest

      Ready to Save Money with Salary Sacrifice?

      Join thousands of businesses that trust Penfold to make salary sacrifice easy and impactful. Get started now or book a free consultation with our experts.

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