The pension for
the self-employed

Penfold provides the self-employed with an online FSCS protected pension that's simple to use & completely flexible. HMRC adds £25 for every £100 you pay in (individual circumstances may vary). FCA number 826097.

Penfold Dashboard and Activity pages

As with all investments, your capital is at risk.

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Full flexibility

When you’re self-employed, your finances aren’t easy to forecast.

Penfold is designed to be as flexible as you. Once you start saving, you can top up, change, or pause your payments at any time — instantly and online.

Effortless to use

When you're self-employed, running a business leaves you short on time. So we built a pension you can set up in under 5 minutes.

Simple to use and easy to understand, we take the stress out of saving for later.

Choose how much to save

Pick a growth profile

Not even a step, just done.

25% tax bonus

Sole-traders and freelancers get a 25% tax bonus from the government on contributions. That’s guaranteed cashback on what you save and we organise it for you, adding it directly to your pension.

Or, if you're a limited company director, your pension contributions can reduce your corporation tax bill. Tax treatment does depend on your individual circumstances & may be subject to change in the future.

Friendly, helpful & expert support

Pensions can be confusing. Our friendly team of experts will answer any question you have, and we promise no jargon.

No waiting lines, no call centres. Just drop us a message on chat, email us or give us a call any time.

Tesimonial from Jo Breeze: Literally every interaction I have with @getpenfold is a delight - real, friendly, informative and helpful humans at every turn.

Combine & enjoy up to £1,000

You weren't always self-employed. Sitting on old workplace pension pots? Transfer them over to Penfold and get up to £1,000 extra from us.

Unsure of the details? With our handy Find My Pension tool, you can easily unearth all your old pots without leaving the sofa. Find out more here, or see our T&Cs.

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.

Join thousands of self-employed people already saving with Penfold

Crowd of happy people


The simplest possible way to get a pension set up if you're self employed. Setup took less than 5 minutes, and it just works - my money goes in, government money goes in, I can see everything at a glance - I genuinely can't see how it could be better.


Just brilliant! So easy to use. Customer Service second to none! Responses. Yes! Responses to your enquiries, quickly and in a language we all understand - common sense.

Why oh why!? can't so many other companies be like this. Thrilled and delighted and in control. It's great.


It was so simple to set up and the team were able to transfer in my existing pension pots for me without hassle. Everything is clear and easy to understand, which is a relief when traditional pensions can be confusing.

How it works


Download our app or register online.


We help you decide how much to save and which plan is right for you.


Top-up your account by Direct Debit or by bank transfer. Pause or change any time.


We add your 25% tax bonus each month. Pension & tax rules apply.


Review your progress on our clear, online dashboard. Withdraw from age 55.

Penfold dashboard and risk selection screens

We keep your money safe


Your money is held by a third party custodian with Lloyds bank. If the event that Penfold became insolvent, your assets would be kept separate and transferred to another provider. Your investments are managed by BlackRock, the largest money manager in the world, and HSBC.


Your data is secure and protected by the most up-to-date technology and processes. We strictly follow GDPR guidelines.


Your pension holdings are protected by the Financial Services Compensation Scheme. In the event Blackrock, HSBC or Lloyds bank became insolvent, your pension is protected up to £85,000 per individual with an eligible claim.

Expertly managed

We offer three excellent performing plans, to take the stress out of investing and make pensions fuss free. Select from our Standard, Sustainable and Shariah plan, which are managed by the world's largest asset managers: BlackRock and HSBC.

Penfold has partnered with FSCS
Penfold has partnered with Seccl
Penfold has partnered with BlackRock
Penfold has partnered with Lloyds Bank

Designed to
work for the self-employed

Designed to
work for the self-employed

Professionally managed

Penfold pensions are managed by BlackRock and HSBC. Just pick one of six carefully created, low cost investment plans, and let your money work for you.

Built for the self-employed

Penfold is the first UK pension designed for the self-employed. Freelancer, sole trader, ltd company director – anything that means you’re your own boss.

Tools help you decide what to save

Our calculator does the hard work for you, helping you choose how much to save based on how much you earn.

Learn more.


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Get in touch

The Penfold team sitting amongst lots of plants

Our team is made up of experts in pensions, technology, security, operations and customer services. You can reach us any time on chat, by phone or on email.

0208 003 5908

The Penfold team sitting amongst lots of plants

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