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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).

Get started from just £1
Download at the Google Play Store
Download at the Apple App Store
two phones showing penfold app dashboard and account activity

As with all investments, your capital is at risk

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).

Download at the Google Play Store
Download at the Apple App Store

As with all investments, your capital is at risk

two phones showing penfold app dashboard and account activity

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.

two phones showing penfold app instant payment and account type

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.

phone showing penfold app contribution amount
phone showing penfold app growth profile
phone showing penfold app dashboard

Choose how much to save

Pick a growth profile

Not even a step, just done.

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25% savings bonus

The government adds a 25% bonus to everything you save into a pension.

That’s guaranteed cashback on what you save and we organise it for you, adding it directly to your pension. 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.

phone showing penfold chat feature

Track & transfer your pensions

You weren't always self-employed. If you have pension pots from previous jobs, we can find & transfer your old pension pots as easy as ever.

If you already have the details of your old pension, simply request the transfer from your dashboard and our team of experts will sort the rest. Or, use our pension tracing service to track down the details of your old pension pots.

phone showing penfold app transferring pension
Penfold — Enjoy the now

Remember

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.

How it works

1

Download our app or register online.

2

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

3

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

4

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

5

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

two phones showing penfold app pension plans and where money is invested

Join thousands of self-employed people already saving with Penfold

We keep your money safe

Separated

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.

Secure

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

Protected

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 a range of simple, all-in-one plans to take the stress out of investing and make pensions fuss free - like they should be. Select from our Standard, Sustainable and Shariah plans, which are all managed by some of the world's largest asset managers, BlackRock and HSBC.

Designed to work for the self-employed

two phones showing penfold app where money is invested

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.

FAQ

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Get in touch

penfold team on a bridge

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

hello@getpenfold.com

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