Pensions for self-employed savers

If you’re self-employed, pension contributions fall entirely on your shoulders. We’re here to help you save and grow wealth for your retirement.

Our pension is built for anyone who works for themself. Flexible contributions, automatic tax relief, a transfer service that does the paperwork for you and much more.

As with all investments, your capital is at risk.

Get started now
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Join thousands of self-employed pension savers

Relieve pension tension

Running a business likely leaves you short on time, in fact only 14% of self employed people are saving into a pension.

You might be focused on the day to day needs of your business, but it’s important to think about the future too.

That’s why we built a pension that only takes 5 minutes to set up and can be managed entirely from your phone, not only your web browser.

Sign up for free with your email address, a password and a few personal details to get started today.

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Flexible contributions

Whether you’re a freelancer, sole-trader, contractor or anything that means you work for yourself; income and outgoings probably aren’t easy to forecast.

Penfold is designed to be as flexible as your finances are. Once you’re set up you can adjust, top-up, or pause payments at any time, instantly online or with our app.

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Take advantage of tax relief

Self-employed workers get a 25% tax relief top-up on pension contributions. We organise it for you, automatically adding it to your pension.

If you're a company director you can pay into your pension through your limited company, contribute up to £60,000 each year and claim a reduction between 19-25% on your corporation tax bill. Find out more about arranging a director pension with Penfold.

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

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Transfer old pensions

Transfer and combine existing pensions into a Penfold account to simplify your finances.

All we need is the name of your pension provider(s) and policy number(s).

Alternatively, track down old or lost pensions using our Find My Pension tool. Simply enter an employer name and we'll find the contact details of the pension provider.

Consolidating pensions with Penfold is easy, free of charge, and our expert team of transfer specialists will manage it on your behalf.

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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


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

Lifetime plan


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

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.

Friendly and helpful support

Our UK-based expert team are on hand to answer your pension questions. There are no waiting lines or call centres. Message us using the chat function on our app or website, email or call us any time.

We can even help you make pension withdrawals. Choose drawdown, an annuity or even take a lump sum in one go and enjoy a happy retirement.

If you’re interested in finding out more about pensions in general visit our Pension Guides section for more information about contributions, tax relief and much more.

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Katherine's Story

Self-employed pension 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